Radiant Info Systems IPO gets CRISIL IPO Grade 1/5

Credit Rating Agency CRISIL has assigned a CRISIL IPO Grade 1/5 to the proposed IPO of Radiant Info Systems Ltd.

Radiant Info Systems Ltd. is a global Information Technology company providing Solutions, Services and Products to a broad range of industry verticals

CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.

A CRISIL IPO Grade 1/5 indicates that the fundamentals of the IPO are poor relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy/sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor