IPO Rating

IPO Rating / Gradings (Year 2008 IPOs)

IPO	Chittorgarh Users IPO Rating	CRISIL / CARE / ICRA / FITCH IPO Grading	Money Control IPO Rating	Capital Market IPO Rating	Other Ratings /Suggestions
Scale >	1 - 5	1 - 5	1 - 5	1 - 100	-
Sita Shree Food Products Limited	3.34	2
Gammon Infrastructure Projects Limited (GIPL)	3.21	4	2	44	R S Iyer (KR Choksey)- Don’t Apply. SP Tulsian - Don’t Apply.
Rural Electrification Corporation Limited (REC)	4.13	3	4	47	SKP Securities - Subscribe. R S Iyer (KR Choksey)- Apply. Manish Bhatt - Apply. SP Tulsian - Apply. BusinessLine - Invest at cut-off. Smart Investment - 48%(Attractive). Keynote Capitals - Subscribe with a medium term view. Bajaj Capital - Subscribe with a long term view. Pranav Securities - Subscribe. Emkay Research - Subscribe. Hem Securities - Apply. SPA Financial - Subscribe.
GSS America Infotech Ltd	2.78			43	BusinessLine - Avoid. Smart Investment - 36%(Avoid).
V-Guard Industries Limited	3.60	3		45	Smart Investment - 42%(Average). PINC research - Subscribe. SPA Financial - Avoid. Arihant Capital - Avoid.
SVEC Constructions Ltd	2.40		3		R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Smart Investment - 41%(Average).
Tulsi Extrusions Limited	2.84	3	3	38	Smart Investment - 41%(Invest at lower end). R S Iyer (KR Choksey)- Don’t Apply. SP Tulsian - Don’t Apply. KBS Capital Management - Subscription with long term horizon.
Shriram EPC Limited		3	3	45	R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Keynote Capitals - Subscribe with a long term view. BusinessLine - Invest at lower-end. Asit C Mehta - Avoid.
Wockhardt Hospitals Limited	2.75	4	3	43	SPA Securities - Avoid. R S Iyer (KR Choksey)- Don’t Apply. SP Tulsian - Don’t Apply. Smart Investment - 38%(Avoid). BusinessLine - Avoid. Arihant Cap Mkts - Avoid. Smart Investment - 38%(Avoid).
Globus Spirits Limited	2.61	3
Emaar MGF Land Limited	3.53	4	3	47	Edelweiss Securities - Subscribe. Smart Investment - 48%(Good for long term). R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. BusinessLine - Invest at Cut off. Keynote Capitals - Subscribe with a long term view.
Manjushree Extrusions Ltd (MEL) FPO	2.46			41	Smart Investment - 40%(Risky).
IRB Infrastructure Developers Limited	3.17	4	3	45	Keynote Capitals - Subscribe with a long term view. R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Smart Investment - 47%(Good). BusinessLine - Invest. Indiabulls Securities - Don’t Apply.
Bang Overseas Limited	2.15	2	3	42	R S Iyer (KR Choksey)- Apply. SP Tulsian - Don’t Apply. BusinessLine - Avoid.
KNR Constructions Limited		3	3	44	R S Iyer (KR Choksey)- Don’t Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Arihant Cap Mkts - Subscribe. Smart Investment - 40% (Risky). Hem Securities - Neutral. BusinessLine - Invest at cut-off.
OnMobile Global Limited	3.49	4	4	44	R S Iyer (KR Choksey)- Apply. Manish Bhatt - Apply. SP Tulsian - Don’t Apply. Emkay - Subscribe. Smart Investment - 43%(High Risk High Return). Prabhudas Lilladher - Subscribe. BusinessLine - Invest at cut-off.
Cords Cable Industries Limited	3.16	3	3	46	SPA Securities - Subscribe. Asit C Mehta - Subscribe. BusinessLine - Apply. R S Iyer (KR Choksey)- Apply. SP Tulsian - Don’t Apply. Smart Investment - 41% (Average).
J. Kumar Infraprojects Limited	3.15	2		43	BusinessLine - Avoid. Smart Investment - 42% (Listing Benefit).
Reliance Power Limited REPL	4.25	4	4	49	Hem Securities - Subscribe. Equitymaster - Avoid. SP Tulsian - Ride the momentum. R S Iyer(KR Choksey)- Apply. Manish Bhatt - Apply. BusinessLine - Apply. Smart Investment - 55% (Attractive). Keynote Capitals - Subscribe with a medium term view.
Future Capital Holdings Limited	3.85	3	4	44	R S Iyer(KR Choksey) - Apply. SP Tulsian - Apply. Keynote Capitals - Subscribe with a medium term view. Edelweiss Securities - Subscribe. IndiaInfoline - Subscribe. BusinessLine - Avoid. Smart Investment - 45% (High Risk High Return).