Asian Granito Limited IPO is open for subscription

July 28, 2007

The Asian Granito Limited IPO is presently open for subscription. The Asian Granito Limited IPO opened for subscription on 26th July and will close for subscription on 31st July. The price band of Asian Granito Limited IPO is Rs. 85 to Rs. 102 per share. The Asian Granito Limited IPO has received very poor response from investors. All the categories in the Asian Granito Limited IPO are still undersubscribed. Infact, the QIB category has not received a single bid so far. The Asian Granito Limited IPO opened at a time when markets are crashing and hence investors are wary about investing in the Asian Granito Limited IPO. However the Asian Granito Limited IPO is expected to sail through since Asian Granito Limited’s financial performance is excellent and the valuations are reasonable.

Posted in IPO