J Kumar Infraprojects (JKIL), a civil engineering and infrastructure development company, will list on the bourses with equity shares on February 12, 2008. The offer price has been fixed at Rs 110 per share.
According to experts, the listing impact of Reliance Power will be seen on issues which are opened as well as on new listings. They further said that J Kumar is likely to list below issue price.
Investment Advisor, S P Tulsian says, "J Kumar Infra is likely to list around Rs 90 against its issue price of Rs 110. No buying is likely to get witnessed in the counter."
"The stock is expected to list below issue price. One should hold the stock till the market recovers", R S Iyer of K R Choksey Securities said.
The company had entered capital market with a public issue of 65 lakh shares of Rs 10 each at a price band of Rs 110-120 per equity share.
As on November 30, 2007, the company's order book stood at Rs 461.15 crore. The proceeds from this issue are intended to be deployed for the purchase of capital equipments and for funding working capital requirements.
Source: Moneycontrol.com
Monday, February 11, 2008
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