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.