23 Jul 07 IVR Prime IPO open for Subscription
IVR Prime IPO is now open for subscription. IVR Prime is an 80% subsidiary of IVRCL infrastructures. The IVR prime IPO closes for subscription on Thursday. The price band fixed by the investment bankers managing the IVR Prime IPO in consultation with the promoters of IVR Prime is Rs. 510 to Rs. 600. The valuations at this price band certainly look expensive but looking at the future prospects of both the company and the real estate industry as a whole in India, the IVR Prime IPO is certainly worth investing in. DLF IPO is a good example. Though the valuations were unreasonable, the returns it gave was very good.
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