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1. 5/5 IPO Grading
2. 10% discount to retail investors.
3. Safety Net to retail investors investing below 50''000
4. Excellent future
Pls give me a single reason not to apply in this IPO?
After long time its a great IPO to invest and make money.
Crisil rating does not consider the price of the stock. This is a very overpriced share and this safety net is only a means of fooling the common investors. your money and avoid this company.
Also, as CA has pointed out, all the 5* rating companies were trading at discounts to issue price. Same thing will happen here also.
I totally understand that CRISIL rating should not be alone to make a decision but I consider it as a critical +ve factor.
Last month I called the to find out a computer part supplier and with in next 30 minutes I got a call from 4 different suppliers in my area. They sold the lead to these people. I was surprised too see the huge potential of this business. Its just massive. If each business would have paid 10 rs for a lead my 1 call has made 40 rs for the company. Think about it...think about number of calls they receive.
I am sure many of you have experience it. If not...try it.
I didn''t do the detail analysis of price but I strongly believe that this is the company which has bright future.
Shares Applied 260
Shares Alloted 20
You also can check the status at:
The IPO is closing today. I don''t see any comments on this. This is rare. Looks like no interest in this IPO.
How do i apply in this IPO using my ICICI account????
its seems worth to apply as P/E is TEL has posted an average EPS of Rs. 52.32 for the last three fiscals. For the year 2011-12 EPS stands at Rs. 76.17. The company issued 1 for 2 bonuses in 1994 and 2001. Its current equity of Rs. 1.24 crore is supported by free reserves of Rs. 28.76 crore. Even if we take fully diluted equity post IPO the issue is being made at a P/E of around 8 and below 2 P/BV. Thus the issue is low risk-high return one.
Source: Dilip Davda