Parsvnath Developers Ltd issue which has already been subscribed 6 times overall and 0.6 times in retail category is a invest for short and long term Indian investor. Studying the Investment Pattern of Retail Indian Investors and the grey market premium in Jaipur at Rs4,500 per application of Rs96,000 tells that the issue is likely to perform good.
R S Iyer , S P Tulsian and Manish Bhatt have all asked to apply. If it lists at say Rs 400 then its P/E will be at 50 for FY 07 earnings, do we really care about P/E in a Bull Market ?
Tags: Invest India, Dalal Street, IPO India