hi frends.......
after bumper success of coal india ipo ,i was wondering if one shud invest in power grid fpo.............it has got 8 times over subscribed til nw(11/11/2010) ,issue closes 4 retail and hni's tommorrow..........looking at the offer price,it seems to have been fairly priced as current mkt price is around 100-103,and retail investors wud get it at 85.5 ie after 5% dics if upper price band is fixed............so one can easily make rs.15-20 and cash in on listing gains and exit.............but i suggest investors shud trade cautiously and not invest heavily......
i m my self looking forward to invest money .........valuable suggestions r welcome.........
regards
CAclubindia
