SEBI said that its decision to introduce mandatory grading for all IPOs has been criticised in order to prevent this grading system taking off. In a letter to the rating agencies and industry bodies, Sebi chairman M Damodaran says,The measure…is being decried in the hope that it would be discontinued. It is Sebi’s intention to […]

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 […]

Bhagwati Banquets and Hotels Ltd. (BBHL) was incorporated in November 1999 as a private limited company. The company was subsequently converted to a public limited company in April 2000. BBHL currently has a presence in Ahmedabad with its indoor catering & banquet hotel, outdoor catering, contract-catering & club rooms and restaurants.
Other business activities by promoter […]

SEBI Chairman M. Damodaran explains the rational behind rating though many content that equity is by definition risk capital.
An entrepreneur comes to the market with the idea of realising his dream and he wants support (funds) from investors at a low cost. Will grading affect a genuine entrepreneur and prevent him from entering the market […]