Bhagwati Banquets and Hotels Ltd. IPO Grading from CARE and CRISIL - Indian IPO Blog

Sunday, April 22, 2007

Bhagwati Banquets and Hotels Ltd. IPO Grading from CARE and CRISIL

CARE IPO Rating for Bhagwati Banquets and Hotels Ltd.

CARE has assigned "IPO Grade 2" which indicates "Below Average Fundamentals". CARE assigns IPO Grades on a scale of "IPO Grade 1" to "IPO Grade 5", with "IPO Grade 1" indicating strong fundamentals and "IPO Grade 5" indicating poor fundamentals.



CRISIL IPO Rating for Bhagwati Banquets and Hotels Ltd.

CRISIL has assigned a CRISIL IPO grade "1/5" (pronounced "one on five") grade to the initial public offer of Bhagwati Banquets and Hotels Ltd. (BBHL). This grade indicates that the fundamentals of the issue are poor relative to other listed equity securities in India. CRISIL IPO gradings are assigned on a five-point scale from 1 to 5, with a CRISIL IPO grade 5/5 indicating strong fundamentals and a CRISIL IPO grade 1/5 indicating poor fundamentals.

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