Tijaria Poly IPO: Pricing looks cheap, but not attractive

Notwithstanding encouraging peer group discounting on the trading screen, Tijaria Poly is hampered by adverse raw material prices and depleting rupee which could dent a hole in its profitability in the near term.

September 27, 2011 / 13:16 IST

IPO scan by VS Fernando

Notwithstanding encouraging peer group discounting on the trading screen, Tijaria Poly is hampered by adverse raw material prices and depleting rupee which could dent a hole in its profitability in the near term.

The Issue

The present IPO is a fresh Issue of 1 cr equity shares of Rs.10 each at a fixed price of Rs 60 a piece aggregating to Rs 60 cr. The quantum of IPO works up to 42.3% on the post-issue equity of Rs 23.63 cr.

Issue Objective

The main object of the IPO is to part-finance the company

first published: Sep 27, 2011 09:00 am

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