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CRISIL assigns IPO grade of 4/5 to Sadbhav Infrastructure Project

27 Mar 2015 Evaluate

The initial public offer by Sadbhav Infrastructure Project has been assigned an IPO grade of 4/5 by rating agency CRISIL. The grade indicates above-average fundamentals for the IPO.

The company has filed draft offer documents with SEBI in December last year, for a fresh issue of Rs 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.

Peers
Company Name CMP
Larsen & Toubro 3860.00
Kalpataru Projects 1447.10
NCC 137.00
Rail Vikas Nigam 210.30
KEC International 402.50
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