Holding Electrosteel Steels for a medium term will be a good strategy. This will unlock the value as it is still in start-up stage. A lot depends on the demand for Steel in the International Market and the revival of the global economy. This stock is not meant for listing gains.
lets see what happens on 8th, company has no doubt huge debt but core companies have such debts as they cannot hv equity component very high. Listing shud be around 15+, as ENAM is there so there wud be some saata baazaaree in the counter. Long term for every stock is good, as per the experts ;).