CRISIL Research has come out with its report on Speciality Restaurants Limited. The research firm has assigned a grade of 4/5 to the proposed IPO of the company.
This grade indicates that the fundamentals of the IPO are above average relative to the 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.
The assigned grade factors in favourable prospects of the food services industry given India
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