One more IPO alert! Janasewi Laghubitta receives below-average rating from ICRA Nepal for its 4.63 lakh unit IPO shares

ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 4 (Pronounced as ICRA NP IPO Grade Four) to the Rs.4.63 crore worth of Initial Public Offer of Janasewi Laghubitta Bittiya Sanstha 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 it is a comment on the price or valuation of securities.