July 25, 2007

IVR Prime Urban Developers Limited -IPO status

IVR Prime Urban Developers Limited:

IVR Prime Urban Developers, a subsidiary of IVRCL Infrastructure and Projects, has come out with an initial public offering (IPO) of 1,41,50,000 equity shares of Rs 10 each

IPO Period: July 23 to July 26
Price Range: Rs.510 to Rs.600
Minimum Share Lot: 10 Shares
Recommnedation: Subscribe
Grade: Good - for Long term

Comments:

IVR Prime looks to be good issue though it is an expensive issue. Looking at real estate and infrastructure growth, people can apply for the issue.

Premium on Listing: 25 -30%*

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