1.The Spice Telecom IPO has been subscribed more than 27 times and is an issue worth subscribing.
2.The allotment of the issue will be on the higher price band of RS 45/-,thus it still leaves a lot of scope for its improvement in its valueation.
3.Thus allottees are going to gain both by way of listing gains and by virtue of the power of holding the scrip.
4.Buy the scrip if ever available near issue price post listing as scenario is rosey for telecom sector in India.
SPICE COMMUNICATIONS IPO:update
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