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Tuesday, September 20, 2011

RDB Rasayans IPO Rating

Brickwork Ratings (BWR) has assigned BWR IPO Grade 2 to the proposed IPO of RDB Rasayans Limited (“RRL” or “the Company”). Brickwork Ratings’ BWR IPO Grade 2 indicates below average fundamentals for the issue in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1 with Grade 5 signifying strong fundamentals and Grade 1 poor fundamentals of the issue in relation to its peers

RDB Rasayans Ltd. manufactures fabrics for the manufacture of FIBC and sacks; flat and triplex tapes in India. Its products include bulk bags FIBC, such as corner and full loop, circular, sling loop, UN, conductive, and electrostatic bags, as well as standard bulk bags for agricultural products and construction materials; and multiwall bags, which include PP and PE valve bags, and lami bags.

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