Shilpi Cable Technologies new issue closes on 25th March
Incorporated in 2006, Shilpi Cable Technologies has launched its IPO on 22nd March.
Shilpi Cable is engaged in the business of manufacturing radio frequency (RF) cables, widely used in telecom, automobile and power sectors. The company's factory is located in Chopanki, Bhiwadi, Dist Alwar, Rajasthan.
The new issue closes on 25th March. CARE has assigned an IPO Grade 1 to Shilpi Cable IPO. This means as per CARE, company has 'Poor Fundamentals'.
CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Reliance Mutual Fund new issue closes on 23rd March
Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XVIII-Series 7, a close-ended income scheme.
The investment objective of the scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility. The tenor of the plan is 181 days.
The new issue closes on 23rd March. The minimum investment amount is Rs5,000.
Crisil Short Term Bond Fund Index is the benchmark index. Amit Tripathi is the fund manager.
HSBC Mutual Fund new issue closes on 24th March
HSBC Mutual Fund has launched HSBC Fixed Term Series 79, a close-ended income scheme.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income instruments maturing within the time profile of the scheme. The tenor of the plan is 370 days.
The new issue closes on 24th March. The minimum investment amount is Rs10,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Sanjay Shah and Kedar Karnik are the fund managers.