Future Ventures sets IPO price band at Rs 10-11/share, which will open on April 25 and close on April 27 for qualified institutional bidders and on April 28 for retail and non-institutional bidders the firm said in a newspaper advertisement.
On the Financial front, consolidated eps for this year would be (-0.27) Annualised, while book value stands at 8.94 (consolidated) .
so you are going to pay 10-11 rs. a share for a company which has renowned promoters & 9 rs book , you are just paying 1-2 rs. premium to book value. FII's + corporate subscription figures will be the key for the success of this issue.
I don't know about listing gains , but on long term view this company can give you decent upside.
On the Financial front, consolidated eps for this year would be (-0.27) Annualised, while book value stands at 8.94 (consolidated) .
so you are going to pay 10-11 rs. a share for a company which has renowned promoters & 9 rs book , you are just paying 1-2 rs. premium to book value. FII's + corporate subscription figures will be the key for the success of this issue.
I don't know about listing gains , but on long term view this company can give you decent upside.
