What does IPO grade 1/ 5 indicates?

What does IPO* grade 1/ 5 indicates?

            (1). Strong fundamentals for an IPO

            (2) Poor fundamentals for an IPO

            (3) Above Average fundamentals for an IPO

            (4) Very strong fundamentals for an IPO

Answer:

            (2) Poor fundamentals for an IPO

Small Explanation..!

5 / 5      Strong fundamentals

4 / 5      Above average fundamentals

3 / 5      Average fundamentals

2 / 5      Below average fundamentals

1 / 5      Poor fundamentals

From

http://investor.sebi.gov.in/

* Initial public offering 

Image From

http://www.valueresearchonline.com/

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