1. IPO industry is back in action and this time the dare devil is Mahindra group which has its arm for holiday resorts by the name of Club Mahindra Holidays resorts and mind it ; it controls 75% of this unorganised sector. It has one of the best ublic relationship officers and thus as a warning do not get lured and buy their holiday packages for 20 years. They can trap you with a lure of free trip to Goa or a free microwave and you may end paying 2 Lakh for their 20 years plan of holidays.
2. Nonetheless it is planning to sell 9.27 million shares, representing 11 percent of the post-issue paid up capital and issue will open on 23 June and will close on 26 June and thus it is riding the pre budget rally if it occurs. Already company has been sell its stake to SBI and a crucial investor at 427 per share and it appears remote seeing the dismal performance of the market.
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