FIRST CHOICE, RIGHT CHOICE

In the last week of April, six IPOs rushed to the market, to escape new SEBI guide lines which came in to effect from 1-May-2010.

Nitesh Estates limited offered shares at Rs 54/- now quoting at Rs 38/- almost 30% down.

Next was Tarapur Transformers. The shares were issued at Rs 75/- now 44% down quoting at Rs42/-.

Then came the big ticket IPO - JayPee infra. The shares were offered at Rs 102. On the listing day itself the shares were down more than 10% from the issue price.


FIRST CHOICE HAD RECOMMENDED TO STAY AWAY FROM THE ABOVE ISSUES. RIGHT CALL. EVERY TIME.

Mandhana Industries and SJVN Limited's IPOs were recommended for subscription. Both are trading above the offer price. (SJVNL - taking discount offered in to account).

TARA HEALTH FOODS - First choice had recommended to keep 100 km distance. The issue bombed.


AGAIN THE CALLS WERE CORRECT. THEN, WHY SEARCH ELSE WHERE FOR IPO ANALYSIS.
LOG ON TO FIRSTCHOICEIPOANALYSIS.COM