Gujarat Pipavav Port IPO - CRISIL Rating - Indian IPO Blog

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Wednesday, August 18, 2010

Gujarat Pipavav Port IPO - CRISIL Rating

CRISIL has assigned a "CRISIL IPO Grade 4/5" to the proposed Initial Public Offer of Gujarat Pipavav Port Ltd (GPPL).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

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