I think only MRF and somi conveyor are top players in the conveyor beltings manufacturing in india. Rest 4-5 are very small players. Industry wise it looks a good issue as its clients are cement plants, mines and electricity manufacturing companies. what do u say.
Dear Friends, euity market is in difficult situation and most IPOs got a beating in the market now.Don't apply any IPOs now.If anyone want to buy equity buy RPOWER which is available at Rs180 to 190 compared to the issue price of Rs430 as the bonus is issued from promoters' stake and company's euity is not diluted.Otherwise look at nifty shares see the 52 week high and buy the shares which are available at more than 50% discount of 52 week high.
THIS I P O SHOULD NOT CLEAR ITS BUSINESS PROFILE . THEY ARE NOT MENTION ITS CLINT DETAIL. I THINK THIS IS A VERY SMALL UNIT . I SUGGEST TO FARAWAY FROM THIS I P O.