hi guy's i am a new to the market i have invest in this market but never throught ipo. i would like to do so by using POWER GRID CORPORATION ipo please advaice. can i do so
Avoid this issue, it is steeply priced. Don't loose your money as the market will be volatile for another 2 months. It will get correctly sharply after listing. Buy good stocks at dips instead.
Hi Friens... the sector is bright..BUT valuations are expensive... and if the mkt is bearish on day of listing(which none can predict), one may loose a lot... better to nore subscription figures on the final day and apply at about 12-1 pm. 15+ overall subscription is gud.. else skip... go for suzlon @ Rs.1100 whenever available
At the offer price band of Rs 55- 65, the stock will discount its FY07 EPS of Rs 1.35 by 40.9x and 48.4x respectively. There is no comparable listed entity. Suzlon Energy, one of the global leaders and the most integrated player in this filed, is trading at 43.9x its consolidated TTM earning. Though the company is into high-growth business, the issue has been aggressively price considering Rs 10 crore per mega watt interprise value. We recommend investors to avoid the issue. Source :ICICI direct