2. One will be better off staying from the IPO as promoters are facing a number of court litigations, charges and it has poor fundamentals. Even CARE a rating agency for the IPO have rated the same as poor by awarding it a grade of figure 1 which is just figurative in nature and do not show any strength.
3. Do not go by Indian business magazines as they at times take money from these promoters and publish positive reviews for the IPOs and thus it helps in IPO being over subscribed and as a net result the average retail investor loses his hard earned money.
Click Here to Get Indian IPO Correct Rating and Advice in the mail