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Credit rating

This query is : Resolved 
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(Querist)
09 January 2016 As per my knowledge it is now mandatory to take credit rating in all IPO and publish it in to prospectus but i have observed this statement "As this is an offer of Equity Shares, there is no credit rating for the Offer." in Narayana Hrudalaya IPO. I am confused on this point.
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Rahul Magan

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Rahul Magan (Expert)
10 February 2016 In case of issuances of you need to take Credit Ratings and period of Credit Ratings should not be greater than maturity of the Debt Instruments.
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Parthesh

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Parthesh (Querist)
10 February 2016 thanks for replay sir. Sir, we can say that the statement showing in prospectus of NH is wrong?
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Rahul Magan

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Rahul Magan (Expert)
11 February 2016 Yes Sir... Thanks You...
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