IPO: IVRCL Infrastructure

[bommanaveni_cs]

Hi All,

I am new to stocks . Can you pls advice me if one can go for the IPO: IVRCL Infrastructure ?

Thanks in advance !
Chandra

 

[ronpais]

hi,

IVRCL IPO is def. a good buy the fundamentals and the future trend will be good, but the problem is that the issue size for retail investors is only 1.655 million shares assuming the greenshoe option is exercised . The chances of a worthwhile allotment is very very........very bleak.

You may unnessairly block your money. My advice dont bother to apply........its a waste of time and money.

Regards,
Ronald

 

[bommanaveni_cs]

Hi Ronald,

Thanks alot for the valuable advice !

regards,
Chandra

 

[ronpais]

My advice to you try to pick up Punjab National bank from the secondary market. It a real good buy at the current price. In the medium to long term you will sleep laughing.
Fundamentals are good.