Kaveri Seed Company Limited - IPO Prospects
Issue Period : 06th September -11th September
Face Value - Rs 10
Price -Rs 150 -Rs 170
Min .Order -40 shares
Grade - Average
Recommendation - Skip
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Kaveri Seed Company, one of the few recognized agri-input companies in India, is open for subscription with a public issue of 40,00,000 equity shares of Rs 10 each through 100% book building process
It is available at PE of 10x. Government is planning to announce new Fertiliser policy, which will be beneficial to Kaveri Seed.
Probably, secondary market price may be a better option, if someone has to urge to have this stock in the portfolio. A mediocre issue, which certainly looks expensive at the upper band of Rs 170.
Investors who have 2-3 years view, can apply for the issue.
Premium on Listing - 5 Rs
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