If Co. is confident about issue price then why safety net is applicable only if it falls below 20% of offer price.Calculating 10% discount at upper level >If price falls more than 20% of upper limit.them min. loss of Rs 1400 after safety nrt
If at all any one want''s to apply, it should be at the lower price band after upfront discount becathe safety net is applicable only if it falls below 20% of offer price.
Dilip Davda SEBI registered Research Analyst Mumbai
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.
Note: 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.