Comments
The initial public offer by Sadbhav Infrastructure Project has been assigned an IPO grade of four on five by rating agency Crisil. The grade indicates above-average fundamentals for the IPO.
“However, it is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals, nor is it a recommendation to buy/sell or hold the securities,” the agency clarified.
The company has filed draft offer documents with SEBI in December last year, for a fresh issue of ₹600 crore besides an offer-for-sale. Ahmedabad-based Sadbhav Infra, a subsidiary of Sadbhav Engineering, functions in the build-operate-transfer space in the road sector.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.