Another IPO alert! ICRA Nepal provides below-average fundamentals to Rs 5 crore worth IPO issue of Emerging Nepal Limited

ICRA Nepal Limited has assigned an [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs.5 crore worth of Initial Public Offer of Emerging Nepal 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 is it a comment on the price or valuation of securities.