Religare Enterprises IPO gets ICRA IPO Grade 3 Rating

Religare Enterprises IPO  has been rated as IPO Grade 3, by the Credit Rating agency ICRA, which indicates average fundementals of the IPO.

The Grading assigned by ICRA to Religare Enterprises IPO is based on the company’s strong presence in the markets and the brand equity REL enjoys on account of its association with Ranbaxy Group.

ICRA grading takes into account various factors like the company’s suite of product offerings within the financial services sector, the company’s branch network and its growing business volumes.

ICRA IPO Grade is not a certificate of statutory compliance or a view on the issuer’s future stock price or Credit Rating.