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Indian IPO Update and Name of Best Stock to Invest in Present Scenario

Posted By On 12:05 AM Under
Indian IPO market is buzz with activity and latest to join the bandwagon is
Technofab Engineering Ltd (TEL) which is entering capital markets with an initial public offering, IPO of 29,90,000 equity shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue.  The issue is openingon Jun 29, 2010, and closes for subscription on Jul 02, 2010 and will be listed on BSE and NSE. The company has been in existence since 1971 and is undertaking the works related to Engineering Procurement and Construction (EPC) services, and executing a wide range of Balance-of-Plant (BoP) and electro-mechanical projects on a complete turnkey basis.

It has a good reputation and has a large number of  domestic and overseas clients and provides them with a number of industrial and infrastructure sectors which includes power, oil & gas, water & waste water treatment and other industrial & infrastructure sectors.

Please undertake the advice of your financial consultant before entering in IPO market as compnaies tend to over price their subscription offer to get the best out of the subscribers of the issue. In present scenario at Rs 52-55 Suzlon is the best bet and one can invest in it as an investment for a few months.
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