Friday, January 13, 2017

Tara Jewels : Sheen has gone

Enam Securities and ICICI Securities lead managed this IPO in Nov 2012. It carried IPO grade 3 awarded by CARE. The pricing was aggressive. As against the IPO price of Rs 230, the stock now trading at Rs 40, down Rs 190. There is no bonus, split in stock since it made debut on the exchanges.

Will it cross IPO price in future, million dollar question.

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