2. This Indian IPO has been priced between Rs 275 - Rs 325 per share amd it is noteworthy that it had already placed shares with SBI and a strategic investor at Rs 427 per share before the stock market crash. About Rs 1.9 bn is being raised for its expansion.
3. Mahindra & Mahindra is the promoter company and its own 10% of stake is being sold and thus its own stake will stand at 83% post the issue. as certain brokerage houses are seeing the pricing very aggresive. Hotel industry is available on a trailing 12-month (TTM) basis of 2.4 times. Thus, the offer price is very high. Those with high risk penchant can invest in the IPO. As a strategy one can invest in this IPO for listing gains and is a High risk high returns investment IPO.
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