CARE rating assigns 'SME Fundamental Grade 4 /5' to Momai Apparels Ltd IPO

Ashapura Intimates Fashion Ltd's Subsidiary "Momai Apparels Ltd" has been assigned 'SME Fundamental Grade 4 /5' to the proposed SME initial public offer (IPO) of Momai Apparels Ltd('Momai' / 'the Company') by CARE rating, indicating the "Very Good fundamentals".

Momai Apparels Limited is proposing, subject to market conditions and other considerations, an initial public offer of its equity shares and has filed a drart red herring prospectus ("DRHP") with SME platform of NSE("NSE").

Source : Equity Bulls

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