Another hydro sector IPO in horizon; Rs 22.50 crore IPO of Himalayan Hydropower Limited receives below average rating from ICRA Nepal
Tue, Jul 16, 2019 6:42 AM on Credit Rating, Latest,
ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs. 22.50 crore Initial Public Offer of Himalayan Hydropower Limited.
Instruments with this grading are considered to have below-average fundamentals. ICRA Nepal assigns grading on a scale of Grade 1 through Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals. For the Grading categories 2, 3 and 4, the sign of + (plus) indicates their relative better position within the Grading categories concerned.
IPO Grade is not a recommendation to buy, sell or hold securities nor it is a comment on the price or valuation of securities.
