Thursday, February 7, 2008

GSS America Info IPO - Analysis

GSS America Infotech Ltd (GSS), a leading Global IT Services company has come up with a 100% Book Built Issue (IPO) of 34,97,495 Equity Shares bearing a Face Value of Rs. 10/- each within a price band of Rs 400/- to Rs 440/- per share.

Issue Opens on Monday, February 11, 2008 and closes on Friday, February 15, 2008

We would recommend investors to remain away from IPOs for the time being. In recent times, Emmar MGF and Wockhardt Hospital have found tough to even get fully subscribed even after lowering the price band. We would not advice investors to venture into IPOs until Reliance Power IPO listing.

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