The fair price is not above 40 rs It must have priced too high looking at market condition. Nowhere it commands so high P/e and big issue for SME with only 5 crore turnover. Save ur hard earn money and stay away.
3. Carn Mohan| Link| Bookmark|
September 20, 2020 11:55:57 AM
IPO Mentor (1100+ Posts, 400+ Likes)
I was alloted 3000 shares of Innovative tyres and tubes Ltd. at Rs 45/ 3 years ago now rate is Rs 6 only I have lost about all Rs 135000/.
Fair value not more than 50 rs. It's turnover is only 5 crore and it's asking for market cap of more than 50 crore. Too expensive. Only buy below 50 rs after listing
1. Arunblr| Link| Bookmark|
September 12, 2020 3:45:41 PM
Top Contributor (300+ Posts, 100+ Likes)