Period: Feb 04 to Feb 08
Price Range: Rs.85 to Rs.95
Minimum Mkt Lot: 70 shares
Issue Size: Rs.38 crore
Recommendation: Avoid
Grade: Average
Chances of winning Allotment: Strong (in Retail category)
Sector: Construction
Recommendation:
SVEC Constructions values are comparably or expensively vis-a-vis its peer group competitors like MSK Projects, PBA Infrastructure, Tantia Construction. We recommend investors to Avoid subscribing to this IPO.
SVEC Construction IPO may give modest gains of 10-20% if secondary market conditions improve during the time of listing of this IPO. But, it is advisable to Avoid to this IPO.
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