Subscribe to MBL Infra IPO with long term view: Swastika

Nifty BSE | NSE 10/02/12 Are Mutual Funds betting on Nifty?

Swastika Investmart has come out with a research report on MBL Infrastructures' IPO. The IPO of 57,00,000 equity shares of Rs 10 each at a price band of Rs 165-180, opened for subscription. This issue is being made through a 100% book building process and will close on December 1, 2009. The research firm has recommended applying for the IPO with long term view.

"MBL Infrastructure issue is coming at reasonable valuations comparing the P/E multiple at which other peer-group companies are trading. However, we recommend applying for the IPO with long term view only as current equity market scenario may not favour listing gains," says Swastika Investmart's report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment