Saturday, May 24, 2008

Bafna Pharmaceuticals IPO - Analysis, Recommendation, Review

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Bafna Pharmaceuticals has come out with an IPO of 64,00,000 equity shares of Rs 10 each at a price of Rs 40 per equity share (including share premium of Rs 30 per equity share) for cash aggregating Rs 25.60 crores. The IPO will open for subscription on May 27, 2008 and will close on May 30, 2008. The issue will constitute 40.05% of the post issue paid-up capital of the company. The shares are proposed to be listed on the BSE.

We recommend investors to invest in this IPO. Investors can make good money on listing!

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