Hi, Is this IPO gone work out. I don''t think that its going to touch high above its issue price...... Although business strategy is quite good. It used to acquire businesses. But it has incurred loss in 3 quarters almost equal to profit that it earned in last three years. Well on the other side, mutual-funds companies and other DII also participated in IPO.
LET''S see what gone happen. According to me it should not list above its issue price.