The company has fixed the issue price band at Rs 470—543 and will give Rs 47 (10 per cent to the floor price) discount to retail investors. The offer will close on 22 May 2013.
Who Should Subscribe?
This is a new issue in the said sector and is vulnerable of Google gets into local search engine traffic. Retail traders can go for it as they are getting a safety net for 6 months for listing gains. Secondly, investors with high risk appetite can go for it for diversification purposes as this is a new domain and presently they have no competitor in India and they have first mover advantage.
Why Retail Traders Must Go for this IPO?