The ratings from CRISIL doesn't suggest investors to buy or sell or hold the securities but it gives the fundamental view to the issue along with the risks associated with the issue and future growth prospects. This opinion is expressed as a relative assessment in relation to other listed equity securities in India.
A CRISIL IPO Grade 5/5 indicates strong fundamentals and a CRISIL IPO Grade 1/5 indicates poor fundamentals. CRISIL IPO Grading reflects its assessment of the graded company's equity fundamentals as distinct from an assessment of debt fundamentals. A CRISIL IPO Grade should not be construed to mean a comment on the price of the graded security nor is it a recommendation to invest or not to invest in the graded security.
