The Company is planning to raise around Rs.160 crores through the initial public offer which is open till 19-March. The company is engaged In Software Projects development for many IT majors.
The issue is prices in the price band of Rs.290-310/ share. At this price the issue is a must subscribe and one can expect a decent listing gain on the same. We expect the stock to list somewhere around Rs.350-375/share. Long term investors should stay away.
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