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According to KR Choksey TD Power is an attractive engineering player with strong RoE (~30%), high margins (10%) and market leadership position but the issue seem to be expensive on valuation in current macro environment. Hence, the research firm recommended AVOID to the issue.
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SRS, a diversified company having businesses like cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery, has fixed issue price at Rs 5865 a share for its initial public offering (IPO) of 3.5 crore equity shares.
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1 vote
Educational services provider Tree House Education and Accessories has received mild response to its initial public offering. The issue, which closed today, has seen bids for more than 1.32 crore equity shares as against issue size of 71.67 lakh shares (excluding anchor investors' portion).
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SRS, a diversified company having businesses like cinema exhibition, food and beverages, retail and manufacturing and retailing of jewellery, is entering the capital market with an initial public offering (IPO) of 3.5 crore equity shares on August 23, 2011, by diluting 25.13% stake.
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The muchdelayed share sale of staterun SAIL, expected to mop up Rs 6,000 crore at current market price, will take another three months and may take place around Diwali, Steel Minister Beni Prasad Verma said.
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Birla Pacific Medspa , a Yash Birla Group Company, witnessed spectacular listing on the bourses today. However, Udayan Mukherjee says, the group is on its way to create one more penny stock. According to him, no serious investor should be even getting closer to some of these names.
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