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PG Electroplast IPO: Analysis by V S Fernando

PEL which has not declared any dividend during the last five years is asking a price of not less than Rs 190 for Rs 10 paid-up share. In other words it is asking the investing public to shell out a premium of over Rs 100 cr when the company’s reserves after eight years of operation are worth less than Rs 35 cr.

September 07, 2011 / 15:01 IST
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By V S Fernando, IPO Analyst at India Aarthik Research


Tamil Nadu
first published: Sep 7, 2011 02:51 pm

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