SEBI licensed credit rating agency in India provides research-based information for Indian investors to make the most appropriate investment decisions.

These authorized rating agencies including CRISIL, CARE, ICRA, FITCH and Brickwork (BWR) does the analysis of fundamentals of the upcoming equity issue in relation to other Indian listed securities and grade them on scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamental.

The grading of an issue is an opinion on the relative assignment of the fundamentals of the public issue.

Below report lists the successful IPO's with their IPO Gradings / Ratings.

**IPO's with Grading 4**
Issuer Company	IPO Grading	Issue Open	Issue Close
Opal Luxury Time Products Ltd IPO	4	Mar 25, 2013	Mar 28, 2013
Bharti Infratel Limited IPO	4	Dec 11, 2012	Dec 14, 2012
Veto Switchgears and Cables Ltd IPO	4	Dec 03, 2012	Dec 05, 2012
Speciality Restaurants Ltd IPO	4	May 16, 2012	May 18, 2012
Samvardhana Motherson Finance Ltd IPO	4	May 02, 2012	May 04, 2012
MT Educare Limited IPO	4	Mar 27, 2012	Mar 29, 2012
National Buildings Construction Corporation Ltd IPO	4	Mar 22, 2012	Mar 27, 2012
TD Power Systems Ltd IPO	4	Aug 24, 2011	Aug 26, 2011
Galaxy Surfactants Ltd IPO	4	May 13, 2011	May 19, 2011
Muthoot Finance Ltd IPO	4	Apr 18, 2011	Apr 21, 2011
PTC India Financial Services Ltd IPO	4	Mar 16, 2011	Mar 18, 2011
Punjab & Sind Bank IPO	4	Dec 13, 2010	Dec 16, 2010
A2Z Maintenance & Engineering Services Ltd IPO	4	Dec 08, 2010	Dec 10, 2010
Oberoi Realty Ltd IPO	4	Oct 06, 2010	Oct 08, 2010
Ashoka Buildcon Ltd IPO	4	Sep 24, 2010	Sep 28, 2010
Tecpro Systems Ltd IPO	4	Sep 23, 2010	Sep 28, 2010
VA Tech Wabag Ltd IPO	4	Sep 22, 2010	Sep 27, 2010
Orient Green Power Company Ltd IPO	4	Sep 21, 2010	Sep 24, 2010
Eros International Media Ltd IPO	4	Sep 17, 2010	Sep 21, 2010
Gujarat Pipavav Port Ltd (GPPL) IPO	4	Aug 23, 2010	Aug 26, 2010
Bajaj Corp Limited IPO	4	Aug 02, 2010	Aug 05, 2010
SKS Microfinance Ltd IPO	4	Jul 28, 2010	Aug 02, 2010
Hindustan Media Ventures Ltd IPO	4	Jul 05, 2010	Jul 07, 2010
SJVN Ltd (Satluj Jal Vidyut Nigam Ltd) IPO	4	Apr 29, 2010	May 03, 2010
Persistent Systems Limited IPO	4	Mar 17, 2010	Mar 19, 2010
IL&FS Transportation Networks Ltd IPO	4	Mar 11, 2010	Mar 15, 2010
D B Corp Limited IPO	4	Dec 11, 2009	Dec 15, 2009
Godrej Properties Limited IPO	4	Dec 09, 2009	Dec 11, 2009
JSW Energy Limited IPO	4	Dec 07, 2009	Dec 09, 2009
Cox and Kings (India) Limited IPO	4	Nov 18, 2009	Nov 20, 2009
Oil India Limited IPO	4	Sep 07, 2009	Sep 10, 2009
Mahindra Holidays and Resorts India Ltd IPO	4	Jun 23, 2009	Jun 26, 2009
Gammon Infrastructure Projects Ltd IPO	4	Mar 10, 2008	Mar 13, 2008
Wockhardt Hospitals Ltd IPO	4	Jan 31, 2008	Feb 07, 2008
Emaar MGF Land Ltd IPO	4	Feb 01, 2008	Feb 11, 2008
IRB Infrastructure Developers Ltd IPO	4	Jan 31, 2008	Feb 05, 2008
OnMobile Global Limited IPO	4	Jan 24, 2008	Jan 29, 2008
Reliance Power Limited IPO	4	Jan 15, 2008	Jan 18, 2008
Edelweiss Capital Limited IPO	4	Nov 15, 2007	Nov 20, 2007