Even ITI share price is between 90-95 levels before FPO Listing day , it may open with 20% down due to heavy selling from 1300Cr worth new alotted shares. 10Cr worth shares are enough to drag it down 20% on listing day.
Can anybody tell me why issue price is 72-77??? Why such brode range??? We will get fpo at only 77 than what is the reason behind issue price 72 and in-between 72-77?????
Thank you for your propper guidance.Applied through SBI ASBA.It is wonder that employee quota is found but no SH quota.How employee is more important than the share holders? growth and decline of the company directly effects shareholders only.Employees are comfertable in both the situations.Of course share holders does not have any union to press or create fear to management but employees do have this power.It is needless to remember that emplyees are equally responsible for bringing this company as one of the loss making unit and government has to come for its reascue with tax payers money.
I think so the company has strong visibility in its order book worth Rs110.5bn, which mainly comprises government projects such as ASCON, BharatNet, Network for Spectrum, Smart Energy Meters, Space programs and e-governance projects and the proceeds of the issue will be utilized for meeting working capital requirements, repayment of loans and general corporate purposes. This could be a good value stock and if the company start giving there huge land bank on leases than this will directly reflect on the bottle-line of the company.