ICRA has assigned an IPO Grade 3 indicating average fundamentals, to the proposed initial public offering of Archidply Industries Limited(APIL). ICRA assigns IPO gradings on a scale of IPO Grade 5 through IPO Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating  weak fundamentals.
 

The IPO grading assigned by ICRA takes into account promoters established track record in the Engineered Wood Product(EWP) industry, satisfactory operating performance and favourable growth potential in the business segments that company operates in/EWP industry. The grading also takes into consideration diversified product portfolio, which imparts significant operating flexibility to adapt to changing market conditions & fiscal benefits at Uttaranchal unit strengthens its competitive position.