CRISIL assigned IPO Grade 5/5 for Acme Tele Power

Thebullishtrends: CRISIL assigned for Acme Tele Power's proposed IPO rating as 5/5 which states that the fundamentals of the issue are strong compared to other listed equity securities. CRISIL expects that Acme Tele Power will report strong future growth while maintaining its track record for exceptional operating and financial performance.

Acme Tele Power's products are used by mobile operators to manage power consumptions at their tower sites. The company is having 25 percent market share in this segment by enjoys leadership position.

Acme Tele Power shortly will enter into IPO market by issuing Rs.2 face value of 17,283,580 equity shares with a price band of Rs.800-950 per share.