What experts say about IRB Infra, Tulsi Extru listings?

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Market has not yet stabilised with good momentum, volume is still half of what we were seeing before this weakness. Primary market is also slowly showing some signs of recovery but not with great enthusiasm. The stocks, which have been listing, are not getting good response from investors post listing.

On Monday, there are two listings, IRB Infrastructure Developers and Tulsi Extrusions. Experts believe that both the issues are expected to list around its issue price.

R S Iyer of K R Choksey Securities says, "IRB Infrastructure is expected to list at around its issue price of Rs 185. Investors should sell the stock with gain of 10% at least. Otherwise, they can hold the stock for better price in near term."

"Tulsi Extrusions is expected to list at around its issue price of Rs 85. Investors should sell the stock with gain of 10% at least. Otherwise, they can hold the stock for better price in near term", he said.

According to Investment Advisor, S P Tulsian, "IRB Infra is likely to list at Rs 180 as against its issue price of Rs 185. One can sell the stock on listing.

"Tulsi Extrusions is likely to go above Rs 85 and even Rs 100 during the day", he said.

IRB Infrastructure Developers

The stock will start trading in F&O market and the permitted lot size of 1100.

IRB Infrastructure had entered the capital markets on January 31, 2008 with a public issue of 5,10,57,666 equity shares of Rs 10 each through 100% book building process and with a price band of Rs 185 to Rs 220.

Tulsi Extrusions

Tulsi Extrusions is into manufacturing of PVC pipes and fittings for the irrigation, industrial, infrastructure and housing sector.

The company had come out with public issue issue of  57,00,000 equity shares of Rs 10 each during February 1 and February 5, 2008. The price band for the issue was between Rs 80 and Rs 85.