ICRA Nepal assigns ICRANP IPO Grade 4+ to Rs.32.89 crore Right shares of Mero Microfinance; rating indicates below average fundamentals

ICRA Nepal Limited has assigned an [ICRANP] IPO Grade 4+ (Pronounced as ICRA NP IPO Grade Four Plus) Rating to the Rs.32.89 crore (100%) Rights Issue of Mero Microfinance Laghubitta Bittiya Sanstha Ltd. Instruments with this rating 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.