The price band for the issue is fixed between Rs 55 and Rs 60. Issue will close on February 9. The company plans to raise between Rs 23.8 crore and Rs 21 crore.
CARE has assigned IPO grade 1 to this issue, indicating poor fundamentals. We thought of giving more details but stopped at giving just the summary as we do not wish the investors to look at IPOs for now. Gemini Engi Fab had to withdraw its IPO and it might be the fate for this IPO too!
0 comments:
Post a Comment