Subscribe to Innoventive Ind for long term: KR Choksey

The Rs 219.58 crore initial public offering of Pune-based multiproduct engineering company Innoventive Industries (IIL) opened for subscription. KR Choksey has recommended subscribing the issue with long term perspective, in its research report. IIL is engaged in the business of manufacturing and selling of precision steel tubes, tubular components, auto components, machined components and other [...]

Avoid Servalakshmi Paper IPO: MLR Securities

The Rs 60-crore IPO of paper manufacturer Servalakshmi Paper closes for subscription today. MLR Securities has recommended avoiding the issue, in its research report. The report says, “At the average of the price band (Rs 28.5) the stock is valued at 1.2 x post issue book value of Rs 23 while larger and established players [...]

Subscribe to Sanghvi Forging IPO: RR Financial

The Rs 36.9-crore initial public offering of Sanghvi Forging and Engineering , a forging products manufacturer, has opened for subscription. RR Financial Consultants has recommended subscribing the issue for long term gains, citing great prospects ahead in future, in its research report. The report says, “Company has business experience of 20 years in manufacturing

Avoid Aanjaneya Lifecare IPO: MLR Securities

Pharmaceutical company Aanjaneya Lifecare ‘s initial public offering has opened for subscription. MLR Securities has recommended avoiding the issue due to high valuation, in its research report dated May 9. Aanjaneya is vertically integrated pharmaceutical company with manufacturing and marketing capabilities in APIs (Active Pharmaceutical Ingredients) with focus on anti-malarial, and finished dosage forms (FDFs) [...]

Buy PFC with target of Rs 290/share: Motilal Oswal

The follow-on-public offer of Power Finance Corporation (PFC) – leading financial institution in India focused on the power sector – opened for subscription. PFC offers more than 22.95 crore equity shares through the public offer at a price band of Rs 193-203/share. Motilal Oswal has initiated coverage with a buy recommendation on the stock and [...]

Subscribe to Power Finance FPO: Nirmal Bang

The follow-on-public offer of Power Finance Corporation (PFC) – leading financial institution in India focused on the power sector – opened for subscription. Nirmal Bang has recommended subscribing the issue with a medium to long-term perspective, in its research report. PFC is offering more than 22.95 crore equity shares through the public offer at a [...]

Avoid Timbor Home IPO: MLR Securities

Timbor Home (THL), a manufacturer-retailer having a Pan-India presence with more than 80 exclusive stores of kitchen, door and furniture retail outlets, has opened its initial public offer of 36.9 lakh equity shares for subscription. MLR Securities has recommended avoiding the issue, citing aggressive valuations of 28-33 times annualized FY11 EPS and weak fundamentals, in [...]

Avoid VMS Industries IPO: MLR Securities

The Rs 25.75-crore initial public offering (IPO) of VMS Industries has opened for subscription. MLR Securities has recommended avoiding the issue, in its research report dated May 31st. The company is engaged in ship recycling activities, off-shore support business activities.

Avoid Birla Pacific Medspa IPO: Hem Securities

The Rs 65.175 crore initial public offering of Yash Birla group company Birla Pacific Medspa opened for subscription today. Hem Securities has recommended avoiding the issue, in its research report. The price band for the issue, which closes on June 23, is fixed at Rs 10-11 a share. Bids can be made for minimum of [...]

Avoid Rushil Decor IPO: MLR Securities

The 56,43,750 equity shares IPO of Rushil Decor , a decorative laminated sheets manufacturer, opened for subscription. MLR Securities has recommended avoiding the issue, in its research report dated June 20. Company has fixed price band at Rs 63-72 for the issue, which closes on June 23.

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