CRISIL has assigned a CRISIL IPO grade of ‘4/5’ (pronounced "four on five") to the proposed IPO of Muthoot Finance Ltd (Muthoot Finance).
This grade indicates that the fundamentals of the IPO are above average relative to 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, its future market price or suitability for a particular investor.
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ICRA has assigned an „IPO Grade 4‟, indicating above-average fundamentals to the proposed Initial Public Offering of Muthoot Finance Limited (MFL).
ICRA assigns an IPO grading on a scale of IPO Grade 5 through IPO Grade 1, with Grade 5 indicating "strong fundamentals" and Grade 1 indicating "poor fundamentals". Muthoot Finance Limited (MFL) proposes to launch an Initial Public Offering (IPO) through an issue of 5.15 crore equity shares with a face value Rs. 10 with a premium that will be determined through a book-building process.
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