Gujarat Pipavav Port IPO gets IPO Grade 4 from CRISIL - Indian IPO Blog

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Thursday, April 1, 2010

Gujarat Pipavav Port IPO gets IPO Grade 4 from CRISIL

The upcoming IPO of Gujarat Pipavav Port, has been assigned an IPO Grade 4/5 by Credit Rating Agency CRISIL. According to CRISIL, an IPO Grade 4/5 from CRISIL indicates that the fundamentals of the IPO are above average 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

Gujarat Pipavav Port Limited (GPPL), is the developer and operator of APM Terminals Pipavav, located in the Saurashtra region of Gujarat and has ambitious plans to compete with major public and private ports in the west coast, including state-run Jawahar Lal Nehru Port Trust and Adani's Mundra port

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