Financial performance doesn''t look attractive. Asking price is very high. It is better to avoid. Lots of good opportunity is available in secondary market.
Generally IPOs come with 10 Rupees face value. This IPO has 5 Rs face value. Effectively company is charging price band of 1150-1160. I feel it will go down like CL Educate.
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4. Septa| Link| Bookmark|
April 4, 2017 10:54:26 AM
(4000+ Posts, 4600+ Likes)
Another High priced IPO if it comes Rs 580 asking RONW has paper base learning to digital learning fancy valuation better players available in the market. Loss making company coming with an IPO generally list at discount.