Period: Jan 31 to Feb 05
Price Range: Rs.185 to Rs.220
Minimum Mkt Lot: 30 shares
Issue Size: Rs.945 cr to Rs.1123 cr
Recommendation : Subscribe (Medium to High Risk Investors)
Expected Range of Listing Price: Rs.250 to Rs.300
Chances of winning Allotment: Strong (in Retail category)
Sector: Infrastructure
Recommendation
Indian construction sector is becoming increasingly attractive . The order books of construction companies in Road infrastructure space are likely to remain buoyant, especially in the case of larger construction companies that are expected to gain a greater share of BOT road projects planned over the next 5 years. Hence we recommend Medium to High Risk investors to subscribe to this IPO for Listing Gains/ Long-term horizon or both.
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