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October 14, 2016 1:30:46 PM
Top Contributor (300+ Posts, 500+ Likes)
Chemical is the flavor of the season. Very tough allotment for this type of issue. Reliance MF buying into this SME IPO lend some credibility. Imterestingly Company did the IPO for 21 cr whereas it holds 225000 share of aati industries valuing more than 15 cr.why promoter more bullish on Aarti industries than his own company.....think abt it!!!!!?
Mutual Funds have begun investing in quality small and medium enterprise (SME) IPO, with a public issue of over Rs 21 crore by Valiant Organics getting investment from leading fund house Reliance MF