The issue comprises a net issue to the public of 24,587,097 equity shares of Rs 10 each (the net issue) and a reservation of upto 500,000 equity shares for subscription by eligible employees. The issue will constitute 24.06% of the post-issue paid up equity share capital of the Company.
Just like analysis for the Bang Overseas and Shriram EPC IPO, we would recommend investors not to invest in IPOs for the time being. It is better to wait for secondary markets to stabilize. Also, there are good stocks to invest in secondary market. (Check my previous blog on stock tips - RIL, NTPC etc) The shares are available at a good price and investors can look at making 20% with good large cap index stocks.
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