Stay tuned for one more right issue; ICRA Nepal assigns grade 4+ to upcoming Rs 11.04 crore worth Rights shares of Global IME Laghubitta Bittiya Sanstha
Wed, May 22, 2019 11:56 PM on Credit Rating, Latest,
ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4+ (Pronounced as ICRA NP IPO Grade Four Plus) to the Rs 1,104,57,500. Rights Issue of Global IME Laghubitta Bittiya Sanstha Ltd.
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.
