ICRA Nepal assigns ICRANP IPO Grade 3 to upcoming FPO of Citizens Bank International indicating average fundamentals

ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 3 (Pronounced as ICRA NP IPO Grade Three) to the Rs. 9.27 crore worth of Further Public Offer of Citizens Bank International Limited. Instruments with this grading are considered to have 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.