IPO to be Avoided to See Hard Earned Money Safe

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1. I just want to caution that an Indian IPO by the name of Mayajaal is coming which is promoted by another scam tainted company i.e. Pentamedia graphics. Take it as a caution that do not get struck with the IPO in this euphoric market as IPO is a poor stock which has a 10 screen multiplex in ECR in chennai.

2. One will be better off staying from the IPO as promoters are facing a number of court litigations, charges and it has poor fundamentals. Even CARE a rating agency for the IPO have rated the same as poor by awarding it a grade of figure 1 which is just figurative in nature and do not show any strength.

3. Do not go by Indian business magazines as they at times take money from these promoters and publish positive reviews for the IPOs and thus it helps in IPO being over subscribed and as a net result the average retail investor loses his hard earned money.


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