Hold on to this ipo until last day. it will meet the same fate as purvankara. They will have to reduce their price to reasonable figure to meet enough subscription for listing.
a FMCG sort of stock at 690.dont know what they think.even nirma/marico/dabur/colgate/ITC/HUL etc...all are cheaper...these guys need to be taught a lesson...
Very very overpriced issue. Avoid. Better to go for Zylog Systems, Supreme Infrastrcture, Bannari aman spinning mills, Allied digital from secondary market.
620 to 690!!!! Seems very very overpriced for Rs 5/- share. I would say if you have spare money, then think of investing else better to avoid. Market is on low now a days... better to purchase some bluechip equities from sec market.