I think it is not worth taking risk in companies like mandhana(in kannada Mandha: Dull & Anna: brother). So this is one dull brother of goenka. instead we can apply for SJVNL which is a good issue.
Good Comapany,Looking towrds EPS and P/E and in addition to that interest of Axis bank in company It seems that it will give good return on listing date 15%.
this is a fraud company who will run away with your money. if you check profits of pradeep overseas they have maintained more profits and at much better rate than mandhana . also pradeep overseas subscription was much mor e than mandhana.
textile companies and jewellery companies never attarct any f1 and they sell it heavily on listing.beware of such comapnies. remember you will thank me on listing as it will be 20% down
Despite of recession and worst than imagination condition of exports, this company is posting increasing PAT. Though there debt worries me but still it'll be a good company to put money.
Already we are not on last day and it is oversubscribed. Invest for long term or listing gains.
NO rAVI, bANGALORE I DONT AGREE ITS FAIR VALUE IS 145 RS INFACT I AM SURE YOU WILL GET THIS STOCK BELOW ISSUE PRICE ON LISTING DAY ITSELF.
TEXTILE COMPANIES SHOULD ANYWAY NOT RULE ABOVE 5 P/E AND ITS COMING WITH 6.5 P/E. PRADIP OVERSEAS IS DOWN TODAY AT 92 BETTER TO PICK THAT STOCK NOW.
IF YOU CHECK VASCON ENGINEERS WAS BOUGHT BY HDFC BANK PRE IPO AND SEE THE PRICE TODAY THAT DOES NOT SHOW IF ANY BIG COMPANY HAS BOUGHT SHARES PRE IPO THAT IT WILL GO UP.
you also said same thing for hathway and it never went above issue price. I WILL BE BACK ON LISTING DAY WHEN IT WILL BE RULING AT 110 RS