18 May 08 BAFNA Pharma IPO Subscription Date

Bafna Pharmaceuticals IPO is scheduled to open for subscription on May 27, 2008. It is a fixed price IPO. IPO price has been fixed at Rs. 40 per share of face value Rs. 10 each. The public issue opens for subscription on  Tuesday, May 27, 2008 and will close for subscription on May 30, 2008. Since its a fixed price issue, the listing date will be only in the first week of July. Looking at the volatile markets, it seems to be a risk proposition to wait for such a long time before getting an opportunity to exit the position. However at Rs. 40 per share, the valuations look extremely attractive. Investors with an appetite for risk can apply in this IPO for decent gains on listing.

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Reader's Comments

1. mitesh | 14 Jun 2008 9:43 pm

   around what price bafna will list ? should i hold or sell it ? r punters interested in that stock ?can it fire like aishwarya telecom ?

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