| ll receipt for one year, which mitigates the risk of uncertainty associated with traffic movement.
Fitch & CARE assign IPO grade of 4/5
Fitch and CARE have assigned the IPO a grade of 4 on a scale of 1 to 5 indicating that the fundamentals of the issue are above average. The rating reflects its established presence in India’s transportation sector (particularly in road). Both ITNL and its promoter IL&FS have had a long and successful track record in the Indian infrastructure sector, many times playing a pioneering role in introducing new business models and execution formats. A mix of operating road assets, combined with projects that are under development or in
various stages of construction, lend considerable visibility to the business prospects. Recent forays outside the road sector, such as managing city bus transportation services and implementing a rail transit project, provide a measure of diversification.
Not only experts, but brokerages also advised investors to subscribe to this issue
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