Shriram EPC IPO graded average by Crisil
Rating agency Crisil on Monday termed as average the initial public offer of metallurgy and captive power procurement firm Shriram EPC.
By PTI |
NEW DELHI: Rating agency Crisil on Monday termed as average the initial public offer of metallurgy and captive power procurement firm Shriram EPC.
"This grade (3/5) indicates that the fundamentals of the issue are average in relation to other listed equity securities in India," Crisil said in a release.
The company will issue 50 lakh equity shares at a price range of Rs 300-400 per share.
"SEPCL is a strong engineering, procurement, and construction (EPC) player in the metallurgy and captive power sectors in southern India... Prospects for the company's existing business are good," the rating agency said.
"This grade (3/5) indicates that the fundamentals of the issue are average in relation to other listed equity securities in India," Crisil said in a release.
The company will issue 50 lakh equity shares at a price range of Rs 300-400 per share.
"SEPCL is a strong engineering, procurement, and construction (EPC) player in the metallurgy and captive power sectors in southern India... Prospects for the company's existing business are good," the rating agency said.
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