J Kumar Infra IPO Listing on 12th Feb 2008 – Will it list below issue price?
Looking at the primary market performance recently, we are not very positive about listing of J Kumar Infra IPO as well. J Kumar Infraprojects (JKIL) is a civil engineering and infrastructure development company, and will be listing on the NSE and BSE with on February 12, 2008. The offer price has been fixed at Rs 110 per share.
Today’s listing impact of Reliance Power will be seen on issues which are opened as well as on new listings. Overall it looks like J Kumar is likely to list below issue price. Though the stock is expected to list below issue price, it makes sense to hold the stock till the market recovers as the company has good order book.
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