ICRA has assigned grade 4 for the IPO and the parent company is very strong financially lets see what happens.
Objects of the Issue:
1. Funding pre-payment and repayment of debt facilities availed by company and its subsidiaries; 2. Funding strategic investments; 3. Funding investments in rear-view vision systems business; 4. General corporate purposes.
Tribhovandas Bhimji Zaveri Ltd issue is highly risky one. Avoid it.
ReplyDeleteIssue Price: Rs. 120 - Rs. 126 Per Equity Share
Issue Size: Rs. 200.00 - 210.00 Crore
Samvardhana Motherson Finance Ltd IPO
ReplyDeleteICRA has assigned grade 4 for the IPO and the parent company is very strong financially lets see what happens.
Objects of the Issue:
1. Funding pre-payment and repayment of debt facilities availed by company and its subsidiaries;
2. Funding strategic investments;
3. Funding investments in rear-view vision systems business;
4. General corporate purposes.