IVR Prime is a good IPO, they are having around 55% land property in Chennai alone.Chennai is the fourth biggest city and it's expanding day-by-day.This company is very strong in South India.
The main concern of this IPO is that the price band is very expensive on the lower and upper end.They are trying to utilize the bullish market by fixing exorbitant price bands.
Prospect and the fundamental of the company is good.Definetely we won't burn our fingers by applying for this IPO as the grey market premium is now around 60 rupees.Apply for minor listing beneficts...as there are lot of chances for getting sharesallotment, instead of trying Zylog sytems as it's a pure mega lottery.
Hi Friends This issue is very very expensive. How can you friends justify such a big PE multiples. Did you see the EPS for this company. Post issue EPS is less than 4 rs. I do not know how come they have arrieved at this price band. It seems that the company is giving GOLD EGG every day.
IVRCL is a good company and it's the retail arm of IVRCL only which is already doing great guns in stock market. I am sure the returns will be much high here as compared to any other stock in the same sector