ICRA Limited (“ICRA”) has assigned an IPO Grade ‘1’ indicating poor fundamentals to the proposed initial public offering of Allied Computers International (Asia) Limited. The assigned grading reflects the company’s small size of operations and marginal presence in a fiercely competitive industry dominated by large players, including multinationals, who have far superior technical capabilities, brand […]

SEBI has ruled that all IPOs entering the capital market go in for compulsory grading. The move is aimed at allowing only bona fide companies to tap the markets and prevent fly-by-night operators from accessing the capital market.
However, under the revised regulation, companies rather than investor-protection fund will bear the costs of the grading process. According […]

ICRA has assigned an IPO Grade 1 indicating poor fundamentals, to the proposed initial public offering of Ankit Metal & Power Limited (AMPL).
The assigned grading reflects the promoter’s lack of prior experience in steel manufacturing, relatively small size of the proposed project and lack of any obvious competitive advantage when compared to other established players […]

ICRA has assigned an IPO Grade 2 indicating below average fundamentals, to the proposed initial public offering of Hilton Metal Forging Limited (HMFL).
ICRA assigns IPO gradings on a scale of IPO Grade 5 through IPO Grade 1,with Grade 5 indicating strong fundamentals and Grade 1 indicating weak fundamentals.
The assigned grading takes into account the track […]