Issue Open : 21 Jun 2017 to 23 Jun 2017
Issue Type: Book Built Issue IPO
Issue Size: Offer for Sale of up to 14,400,000 equity shares
Face Value: Rs10 Per Equity Share
Issue Price: Rs167 - Rs170 Per Equity Share
Market Lot: 88 Shares
Minimum Order Quantity: 88 Shares
Listing At: BSE, NSE
Company’s dependent on third parties to provide majority of programming content could increase channel costs & change in Government laws may adversely affect its business.
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Taking into consideration, cut throat competition, entry of New players at competitive prices, weak performance of cable industry in past years & forthcoming JIO in this particular industry may impact the company’s earning going forward. Therefore, our recommendation remains “NEUTRAL” for this IPO.
About Rudra Shares and Stock Brokers
RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.
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