Infomerics assigns BB+ / Stable rating on proposed long-term bank facilities Rs50 crore of Inventure Growth -; Securities

1 Apr 2022 , 11:06 AM

Infomerics Valuation and Rating Pvt. has assigned IVR BB+ / Stable rating on proposed long-term bank facilities Rs50 crore and IVR A4+ rating on short-term facilities of Inventure Growth & Securities Limited.

At around 11.10 am, Inventure Growth & Securities Ltd was trading at Rs3.62 per piece up by Rs0.01 or 0.28% from its previous closing of Rs3.61 per piece on the BSE.

“The assignment of Ratings to the proposed bank loan facilities of Inventure Growth & Securities Limited (IGSL) takes into consideration experienced promoters and management, improving scale of operations and comfortable capitalisation. However, the ratings are constrained by uncertainties inherent in capital markets and competitive nature of industry,” company shared Infomerics rating rationale.

Key Rating Sensitivities:
Upward Factors

• Sustained improvement in financial performance & profitability margins

Downward Factors

• Substantial decline in trading volumes and profitability.
• Changes in the regulatory environment