On valuation parameters, it is worth < Rs.92 & it should have been issued < Rs.60.
It is a small issue & merchant bankers extended the IPO deadline. Hence, chance of better listing exists. However, it is better to keep stop-loss below issue price of Rs.120 - 115 in mind.
Short-term traders should EXIT if closes the day below issue price on any day.
95. SONMAYA| Link| Bookmark|
October 1, 2009 6:24:10 PM
IPO Guru (1300+ Posts, 500+ Likes)
Aas such qib portion is not sub. fully ,70% of that part will be added to retail portion.so at cut off retail sub. comes to just ..2.. times..that means who have applied for 800 shares will get allotment of 400 shares..approx.
Actually, many ppl don't know abt this company. This company will earn remarkable profit in future as its business is very much in demand i.e. Software Testing. Currently this field is very much emerging and will give you good return in future