facebook twitter linkedin instagram youtube spotify
×
<
>
loading_icra

Ratings assigned and not accepted (Archived)

1 2 3 4 5 6 7 8 9 10 11 12 13 14
Sl. No. Name of the Issuer Sector Security/Instrument Type Issue Size
(In INR Million)
Date of Non-Acceptance Listing Status
(Listed/Proposed to be listed/Unlisted)
Rating assigned along with Outlook
(if any)
Whether the rating was accepted by the issuer, subsequent to the disclosure of un-accepted ratings?
(Yes/No)
Date of subsequent acceptance of final rating assigned Final rating accepted by the issuer Whether the issuer requested for a review/appeal subsequent to disclosure of unaccepted rating? Whether review/appeal of the disclosed unaccepted rating was granted by ICRA.
(Yes/No)
Remarks
(wherever applicable)
1 Shreeyam Power and Steel Industries Limited Ferrous Metals Bank Facilities 1000 17 Jul 2023 Unlisted [ICRA]BB+ (Stable) No No
2 HK Cement Industries Private Limited Cement & Cement Products Bank Facilities 1350 12 Jul 2023 Unlisted [ICRA] D No No
3 National Realty Private Limited Realty Bank Facilities 4000 11 Jul 2023 Unlisted [ICRA]BB+ (Stable) No No
4 Shri Ganesh Agro Foods Agricultural Food & other Products Bank Facilities 750 10 Jul 2023 Unlisted [ICRA]BB (Stable) No No
5 Candeur Constructions Private Limited Realty Bank Facilities 6000 10 Jul 2023 Unlisted [ICRA] BB- (Stable) Yes 28 Aug 2023 [ICRA]BB- (Stable) No
6 Ambica Constructions and Contractors Construction Bank Facilities 1000 06 Jul 2023 Unlisted [ICRA]B (Stable) / [ICRA] A4 No No
7 Viney Corporation Private Limited Automobiles Non-Convertible Debentures 250 03 Jul 2023 Proposed to be listed [ICRA]BBB- (Stable) No No
8 Shrem InvIT Transport Infrastructure Non-Convertible Debenture 10000 03 Jul 2023 Proposed to be listed Provisional [ICRA]AAA (Negative) Rating in the absence of the pending actions/ documents: No Rating would have been assigned as it would not be meaningful No No The assigned rating is provisional and would be converted into final upon: 1. Transfer of the remaining two SPVs to the InvIT*. These SPVs are: a. DBL Nidagatta Mysore Highways Pvt Ltd b. Pathrapali Kathgora Highways Pvt Ltd 2. Acquisition of the remaining 51% stake in the three SPVs (Bangalore Nidagatta, Chandikhole Bhadrak and Rewa Siddhi) Rating shall be converted into final upon execution of documentation or receipt of final terms of the proposed NCDs
9 Maxwell Hospital And Research Centre Private Limited Healthcare Services Bank Facilities 600 27 Jun 2023 Unlisted [ICRA]B+ (Stable) Yes 18 Jul 2023 [ICRA]B+ (Stable) No
10 SRIAS Developers LLP Realty Bank Facilities 375 26 Jun 2023 Unlisted [ICRA] BB (Stable) No No
11 Ratnapuri Constructions Private Limited Realty Non-Convertible Debentures 1250 23 Jun 2023 Proposed to be listed [ICRA]D No No
12 Carbon Resources Private Limited Chemicals & Petrochemicals Bank Facilities 500 19 Jun 2023 Unlisted [ICRA]A1+ No No
13 Senapathy Whiteley Pvt Ltd Electrical Equipment Bank Facilities 250 19 Jun 2023 Unlisted [ICRA]BB-(Stable)/ [ICRA]A4 No No
14 Sunstar Precision Forge Limited Auto Components Issuer Rating 0 19 Jun 2023 Unlisted [ICRA]BBB+ (Stable) Yes 23 Jan 2024 [ICRA]BBB+ (Stable) Yes Yes
15 Devdashrath Infratech Private Limited Other Construction Materials Bank Facilities 780 15 Jun 2023 Unlisted [ICRA]BB-(Stable) / [ICRA]A4 No No
16 Raghava Projects Realty Bank Facilities 2250 09 Jun 2023 Unlisted [ICRA]BB (Stable) No No
17 DRT-Anthea Aroma Chemicals Private Limited Chemicals & Petrochemicals Bank facilities 1130 05 Jun 2023 Unlisted [ICRA]BBB (Stable) / [ICRA]A2 No No
18 Ram Kumar Contractor Private Limited Construction Bank Facilities 700 31 May 2023 Unlisted [ICRA]BBB+ (Stable)/[ICRA]A2 No No
19 Shalimar Malls Private Limited Realty Bank Facilities 1550 26 May 2023 Unlisted [ICRA]BB+ (Stable)/[ICRA]A4+ No No
20 Hindustan Oil Exploration Company Limited Oil Bank Facilities 5000 23 May 2023 Listed [ICRA]A-(Stable)/[ICRA]A2+ No No
21 C5 Engineering Private Limited Construction Bank Facilities 1250 22 May 2023 Unlisted [ICRA] BB-(Stable)/ [ICRA] A4 No No
22 Symbio Generrics India Private Limited Pharmaceuticals & Biotechnology Bank Facilities 520 18 May 2023 Unlisted [ICRA]BBB (Stable)/[ICRA]A3+ No No
23 Ocean Pearl Hotels Private Limited Leisure Services Bank Facilities 720 11 May 2023 Unlisted [ICRA]C+/[ICRA]A4 No No
24 Mfar Kudavillingili Pvt. Ltd. Leisure Services Bank Facilities 65 10 May 2023 Unlisted [ICRA]D No No Amount in USD Million
25 Runwal Developers Pvt. Ltd. Realty Bank Facilities 250 08 May 2023 Unlisted [ICRA]BBB+ (Stable) No No
26 Runwal Developers Pvt. Ltd. Realty Commercial Paper 250 08 May 2023 Unlisted [ICRA]A2 No No
27 LC Capital India Private Limited Capital Markets Bank Facilities 250 05 May 2023 Unlisted [ICRA]BB-(Stable)/[ICRA]A4 No No
28 DS Chewing Products LLP Other Consumer Services Bank Facilities 400 02 May 2023 Unlisted [ICRA]A (Stable) Yes 15 May 2023 [ICRA]A (Stable) No
29 Maxim Tubes Company Private Limited Ferrous Metals Bank Facilities 1918.4 01 May 2023 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+ No No
30 Rupa Renaissance Limited Realty Bank Facilities 4070 27 Apr 2023 Unlisted [ICRA]BB+ (Stable) No No
31 Prince Gold and Diamonds India Private Limited Consumer Durables Bank Facilities 2350 27 Apr 2023 Unlisted [ICRA]BB+(Stable)/[ICRA]A4+ No No
32 Devdashrath Infratech Private Limited Other Construction Materials Bank Facilities 780 21 Apr 2023 Unlisted [ICRA]B+(Stable)/ [ICRA] A4 No Yes Yes
33 Dinesh Engineers Limited Construction Bank Facilities 1800 21 Apr 2023 Unlisted [ICRA]BB+(Stable)/[ICRA] A4+ No No
34 Gujarat Mineral Development Corporation Limited Consumable Fuels Bank Facilities 10000 19 Apr 2023 Listed [ICRA]A+ (Stable) No No
35 The KTM Jewellery Limited Consumer Durables Bank Facilities 2600 19 Apr 2023 Unlisted [ICRA]BBB-(Stable)/[ICRA]A3 No No
36 KKV Agro Powers Limited Consumer Durables Bank Facilities 195 19 Apr 2023 Unlisted [ICRA]BB+(Stable) No No
37 AISECT Limited Diversified Bank Facilities 555 17 Apr 2023 Unlisted [ICRA]BBB-(Stable)/[ICRA]A3 Yes 24 Apr 2023 [ICRA]BBB-(Stable)/[ICRA]A3 No
38 Brics Power Generation Private Limited Power Bank Facilities 350 12 Apr 2023 Unlisted [ICRA]BB- (Stable) No No
39 Ripley Pride Limited Transport Services Bank Facilities 580 10 Apr 2023 Unlisted [ICRA]BB+(Stable) No No
40 Sri Vijaya Lakshmi Raw & Boiled Rice Mill Agricultural Food & other Products Bank Facilities 350 04 Apr 2023 Unlisted [ICRA]B+ (Stable) No No
41 Deepak Nitrite Limited Chemicals & Petrochemicals Bank Facilities 3400 31 Mar 2023 Unlisted [ICRA]AA(Positive)/[ICRA]A1+ No No
42 GRT Jewellers (India) Private Limited Consumer Durables Bank Facilities 1250 30 Mar 2023 Unlisted [ICRA]AA(Stable)/[ICRA]A1+ No No
43 Vision Plus Security Control Private Limited IT - Services Bank Facilities 140 30 Mar 2023 Unlisted [ICRA]BB (Stable) No No
44 Choice Diamond Consumer Durables Bank Facilities 550 29 Mar 2023 Unlisted [ICRA]BB+ (Stable)/ [ICRA]A4+ No No
45 Anitha Texcot India Private Limited Textiles & Apparels Bank Facilities 350 29 Mar 2023 Unlisted [ICRA]BB+(Stable)/ [ICRA]A4+ No No
46 Indogulf Cropsciences Limited Chemicals & Petrochemicals Bank Facilities 250 28 Mar 2023 Unlisted [ICRA]BBB+ (Stable) Yes 16 May 2023 [ICRA]BBB+ (Stable) No
47 GRIDCO Limited Power Issuer Rating 0 28 Mar 2023 Unlisted [ICRA]BBB- (Stable) No No
48 Sonali Overseas Private Limited Chemicals & Petrochemicals Bank Facilities 1150 23 Mar 2023 Unlisted [ICRA]BB+ (Stable)/ [ICRA]A4+ No No
49 Evergreen Seamless Pipes & Tubes Private Limited Commercial Services & Supplies Bank Facilities 710 15 Mar 2023 Unlisted [ICRA]BB+ (Stable)/[ICRA]A4+ No No
50 IIFL Securities Limited Capital Markets Market- linked Debenture 10000 06 Mar 2023 Unlisted PP-MLD[ICRA]AA- (Stable) No No
51 Greenam Energy Private Limited Power Bank Facilities 950 28 Feb 2023 Unlisted [ICRA]BB-(Stable) No No
52 Chennai Radha Engineering Works (P) Limited Industrial Manufacturing Bank Facilities 350 28 Feb 2023 Unlisted [ICRA]A (Stable)/[ICRA]A1 Yes 08 Mar 2023 [ICRA]A (Stable)/[ICRA]A1 No
53 Bramhacorp Limited Realty Bank Facilities 500 23 Feb 2023 Unlisted [ICRA]BBB (Stable) No Yes Yes Rating was not accepted after review on 8-Jun-2023
54 J B Ecotex Limited Textiles & Apparels Bank Facilities 250 23 Feb 2023 Unlisted [ICRA]BBB(Stable)/ [ICRA]A3+ No No
55 Sitac Kabini Renewables Private Limited Power Bank Facilities 900 22 Feb 2023 Unlisted [ICRA]A (Stable) Yes 22 Feb 2023 [ICRA]A (Stable) No
56 Petro Carbon And Chemicals Private Limited Chemicals & Petrochemicals Issuer rating 0 17 Feb 2023 Unlisted [ICRA]BBB-(Stable) No No
57 Anil Neerukonda Educational Society Other Consumer Services Bank Facilities 1135.5 09 Feb 2023 Unlisted [ICRA]BBB-(Stable)/[ICRA]A3 Yes 21 Feb 2023 [ICRA]BBB-(Stable)/[ICRA]A3 Yes Yes
58 Enpro Industries Pvt. Ltd. Industrial Manufacturing Bank Facilities 750 27 Jan 2023 Unlisted [ICRA]BBB+(Stable)/[ICRA]A2
59 Spandana Sphoorty Finance Limited Finance PTC Series A1(a) 306 27 Jan 2023 Unlisted Provisional [ICRA]AA(SO) Rating in the absence of the pending actions/ documents: No rating would have been assigned as it would not be meaningful The assigned ratings are provisional and would be converted into final upon execution of: 1. Trust deed 2. Assignment agreement 3. Legal opinion 4. Trustee letter 5. Power of Attorney 6. CA certificate 7. Any other Documents executed for the transaction including for cash collateral
60 Spandana Sphoorty Finance Limited Finance PTC Series A1(b) 35.1 27 Jan 2023 Unlisted Provisional [ICRA]A-(SO) Rating in the absence of the pending actions/ documents: No rating would have been assigned as it would not be meaningful The assigned ratings are provisional and would be converted into final upon execution of: 1. Trust deed 2. Assignment agreement 3. Legal opinion 4. Trustee letter 5. Power of Attorney 6. CA certificate 7. Any other Documents executed for the transaction including for cash collateral
61 Spillikin Private Limited Realty Bank Facilities 527.9 25 Jan 2023 Unlisted [ICRA] BB (Stable)
62 Jaisingh Alloys Private Limited Non - Ferrous Metals Bank Facilities 200 24 Jan 2023 Unlisted [ICRA]BB-(Stable)/[ICRA]A4
63 Haresh Petrochem Private Limited Chemicals & Petrochemicals Issuer Rating 0 20 Jan 2023 Unlisted [ICRA] BB+ (Stable)
64 Transmission Corporation of Telangana Ltd. Power Bank Facilities 500 19 Jan 2023 Unlisted [ICRA]BB+ (Stable)
65 MS Agarwal Foundries Private Limited Ferrous Metals Issuer Rating 0 17 Jan 2023 Unlisted [ICRA]BBB-(Stable)
66 Keystone Infra Private Limited Construction Bank Facilities 250 16 Jan 2023 Unlisted [ICRA]BBB+ (Stable)/[ICRA] A2
67 Ciro Pharma Private Limited Pharmaceuticals & Biotechnology Bank Facilities 1400 16 Jan 2023 Unlisted [ICRA]BB- (Stable)
68 ECE Industries Limited Electrical Equipment Bank Facilities 2150 13 Jan 2023 Unlisted [ICRA]BBB(Stable)/[ICRA]A2
69 VR Dakshin Private Limited (formerly Sugam Vanijya Holdings Private Limited) Retailing Non-Convertible Debentures 7500 13 Jan 2023 Unlisted [ICRA]BBB (Stable) Yes 28 Feb 2023 [ICRA]BBB (Stable) No
70 Bilagi Sugar Mill Limited Agricultural Food & other Products Bank Facilities 6500 10 Jan 2023 Unlisted [ICRA]D/[ICRA]D
71 Mahamaya Finance Private Limited Finance Bank Facilities 50 09 Jan 2023 Unlisted [ICRA]B+ (Stable)
72 Requity Platform LLP Realty Bank Facilities 900 09 Jan 2023 Unlisted [ICRA] BB- (Stable)
73 Vishal Fabrics Limited Textiles & Apparels Bank Facilities 3437.6 06 Jan 2023 Listed [ICRA]BBB+ (Stable)/ [ICRA]A2
74 Kikani Exports Private Limited Commercial Services & Supplies Bank Facilities 467.5 02 Jan 2023 Unlisted [ICRA]BB+(Stable)/ [ICRA]A4+
75 Sri Lakshmi Venkateswara Hygienic Foods Private Limited* Food Products Bank Facilities 506.4 29 Dec 2022 Unlisted [ICRA]BB-(Stable)/[ICRA]A4
76 Independent Resources India Private Limited Commercial Services & Supplies Bank Facilities 210 26 Dec 2022 Unlisted [ICRA]B+ (Stable)
77 Cauvery Iron And Steel (India) Limited Ferrous Metals Bank Facilities 400 26 Dec 2022 Unlisted [ICRA]BB+ (Stable)
78 Indostar Home Finance Private Limited Finance SN Series A 988.7 23 Dec 2022 Unlisted Provisional [ICRA]AAA(SO) Rating in the absence of the pending actions/ documents: No rating would have been assigned as it would not be meaningful The assigned rating are provisional and would be converted into final upon execution of: 1. Trust deed 2. Assignment agreement 3. Legal opinion 4. Trustee letter 5. Power of Attorney 6. CA certificate 7. Any other documents executed for the transaction including for cash collateral
79 Protium Finance Limited Finance Series A1 PTCs 183.4 23 Dec 2022 Unlisted Provisional [ICRA]AA(SO) Rating in the absence of the pending actions/ documents: No rating would have been assigned as it would not be meaningful The assigned rating are provisional and would be converted into final upon execution of: 1. Trust deed 2. Assignment agreement 3. Legal opinion 4. Trustee letter 5. Power of Attorney 6. CA certificate 7. Any other documents executed for the transaction including for cash collateral
80 Comnet Solutions Private Limited IT - Hardware Bank Facilities 300 22 Dec 2022 Unlisted [ICRA]BBB-(Stable) /[ICRA]A3 Yes 12 Oct 2023 [ICRA]BBB- (Stable)/[ICRA]A3
81 Switz Foods Private Limited Food Products Issuer Rating 0 21 Dec 2022 Unlisted [ICRA]BBB+ (Stable)
82 VRKP Ispat Private Limited Ferrous Metals Bank Facilities 2100 21 Dec 2022 Unlisted [ICRA]B+(Stable) / [ICRA]A4
83 Ashoka Sthapatya Private Limited Construction Bank Facilities 450 15 Dec 2022 Unlisted [ICRA]BB (Stable)
84 GSR Nirmaan Food Products Bank Facilities 350 08 Dec 2022 Unlisted [ICRA]B(Stable) /[ICRA]A4
85 NDX P2P Private Limited Not Mapped Series B PTC 1484.3 01 Dec 2022 Unlisted Provisional [ICRA]AA- (SO) Rating in the absence of the Pending actions/ documents : No rating would have been assigned as it would not be meaningful Yes 22 Dec 2022 Provisional [ICRA]AA- (SO) Rating in the absence of thePending actions/ documents: No rating would have beenassigned as it would not bemeaningful No The assigned ratings are provisional and would be converted into final upon execution of: 1. Trust deed 2. Assignment agreement 3. Legal opinion 4. Trustee letter 5. Power of Attorney 6. CA certificate 7. Consent from the Consortium of Lenders (Investors) 8. Any other documents executed for the transaction including for cash collateral
86 Suam Overseas Private Limited Textiles & Apparels Bank Facilities 300 30 Nov 2022 Unlisted [ICRA]BBB (Stable)/[ICRA]A3+
87 Lyrus Life Sciences Private Limited Pharmaceuticals & Biotechnology Bank Facilities 600 28 Nov 2022 Unlisted [ICRA]B+ (Stable)
88 PMK Distillations Pvt Ltd. Beverages Bank Facilities 115 25 Nov 2022 Unlisted [ICRA]BB (Stable)
89 Merit Technologies India Limited Construction Bank Facilities 37.5 25 Nov 2022 Unlisted [ICRA]A4+
90 Vindhya e-Infomedia Private Limited Commercial Services & Supplies Bank Facilities 90 24 Nov 2022 Unlisted [ICRA]B+(Stable)/ [ICRA]A4
91 Venkata Praneeth Developers Private Limited Realty Bank Facilities 1200 22 Nov 2022 Unlisted [ICRA] BB (Stable)
92 Maithan Alloys Limited Ferrous Metals Issuer Rating 0 21 Nov 2022 Unlisted [ICRA]AA (Stable)
93 ART Housing Finance (India) Limited (Formerly known as ART Affordable Housing Finance (India) Limited Finance Bank Facilities 500 18 Nov 2022 Unlisted [ICRA]BB+ (Stable)
94 L S Automotive India Private Limited* Auto Components Bank Facilities 4000 17 Nov 2022 Unlisted [ICRA]BB+ (Stable)/[ICRA]A4+
95 Ujin Pharmachem Transport Services Bank Facilities 475 14 Nov 2022 Unlisted [ICRA]BB+(Stable)/[ICRA]A4
96 Rajalakshmi Educational Trust Other Consumer Services Issuer Rating 0 09 Nov 2022 Unlisted [ICRA]BB(Stable)
97 Girdhari Lal Constructions Pvt. Ltd. Construction Issuer Rating 0 04 Nov 2022 Unlisted [ICRA]BBB (Positive)
98 COCOBLU RETAIL LIMITED Retailing Bank Facilities 2500 21 Oct 2022 Unlisted [ICRA]BB+(Positive)/[ICRA]A4+
99 Shubham EPC Private Limited Construction Bank Facilities 1250 19 Oct 2022 Unlisted [ICRA]BBB-(Stable)/[ICRA]A3
100 Devi Engineering and Constructions Private Limited Construction Issuer Rating 0 14 Oct 2022 Unlisted [ICRA]BB- (Stable)

Disclaimers :

Please note that unaccepted ratings are not subject to the periodic monitoring/surveillance exercise and may not be representative of the current credit quality of the rated entity. Additionally, ICRA Ratings should not be treated as a recommendation to buy, sell, or hold the rated debt instruments. For ratings which were un-accepted by the Issuer prior to 1st February 2023, the status in column 9 to 14 is updated only if the respective event has occurred after 1st February 2023.

For ratings which are un-accepted by the Issuer on or after 1st February 2023, the status in column 9 to 14 is shown as on date of issue of this disclosure. The '*' sign denotes that rating has been accepted. All accepted ratings are subject to a process of surveillance, which may warrant a revision in ratings.

Please visit our website (https://www.icra.in) or contact any ICRA office for the latest information on ICRA outstanding Ratings. You may also refer to the current rating list (https://www.icra.in/Rating/Index) published on ICRA website for further information on rated instruments.