Expected to list in the range of Rs. 105-115
Power Finance Corporation(PFC) is listing tomorrow on NSE and BSE. PFC is a leading public sector company providing finance services focused at power sector. The companies clientele includes both central and state power units as well as the private sector companies. PFC intends to set up India Power Fund (IPF) with outlay of Rs. 200 crore to invest in power sector projects. Given the thrust of the government on the power sector reforms, PFC is all set to gain by financing the various power projects.
The IPO was oversubscribed by 77 times. However the retail portion got oversubscribed only 1.15 times resulting in good allotments for retail category. QIB's portion got an overwhelming response and it got oversubscribed by 137 times. This segment can grab shares tomorrow to satisfy its hunger. Given the company prospects and oversubcription, Investment guru is of the view that the stock may list in the range of 105-115 giving a listing gain in the range of 25 -35%.
Any listing at or above this range should be used as an opportunity to garner listing gains.
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First Source Solutions to list tomorrow
Expected to list in the Range of Rs. 90-94
It's good to be back to the blog after a long gap. Actually I was not able to decide what should I blog on after this gap since I had a flood of ideas to write on but still not time to collate those and put in a form and hence decided to postpone till I can do justice to the ideas. Markets had been hectic over the past two weeks and lot of action due to volaitility. Well, I may continue to play hide and seek on the blogging front in coming days due to time constraints , but would not let any opportunity go if I get time.
Coming to the topic First Source Solutions is listing tomorrow, 22 February. Though the markets are cooling off, the stock's listing should be a hot one. First Source is one of the Top rung BPO companies in India with impressive clientele and is focussed on services to companies in banking, telecom and Media Sectors. The company has an adequately diversified business model as far as geographical spread of clients and delivery loactions is considered. The company's topline has grown at a CAGR of 74% in last three years.
The issue got oversubcribed 50 times. The issue price has been fixed at Rs. 64. Investment Guru is of the view that in view of strong response to the IPO, the stock is expected to list in the range of Rs. 90-94. Investors should be well off booking profits at any price above this range. Read More!
It's good to be back to the blog after a long gap. Actually I was not able to decide what should I blog on after this gap since I had a flood of ideas to write on but still not time to collate those and put in a form and hence decided to postpone till I can do justice to the ideas. Markets had been hectic over the past two weeks and lot of action due to volaitility. Well, I may continue to play hide and seek on the blogging front in coming days due to time constraints , but would not let any opportunity go if I get time.
Coming to the topic First Source Solutions is listing tomorrow, 22 February. Though the markets are cooling off, the stock's listing should be a hot one. First Source is one of the Top rung BPO companies in India with impressive clientele and is focussed on services to companies in banking, telecom and Media Sectors. The company has an adequately diversified business model as far as geographical spread of clients and delivery loactions is considered. The company's topline has grown at a CAGR of 74% in last three years.
The issue got oversubcribed 50 times. The issue price has been fixed at Rs. 64. Investment Guru is of the view that in view of strong response to the IPO, the stock is expected to list in the range of Rs. 90-94. Investors should be well off booking profits at any price above this range. Read More!
IPO Allotment : Cinemax India Ltd.
Cinemax India Ltd. IPO allotment Status is Out. You can check the allotment status of your application from the link below
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IPO Allotment : Akruti Nirman Ltd.
Akruti Nirman IPO allotment Status is Out. You can check the allotment status of your application from the link below
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Click Here for Allotment Status
Click Here for Basis of Allotment Read More!
