Subscribe to Persistent IPO: Aditya Birla Money

Posted by dreamboy_shani on March 18, 2010

Subscribe to Persistent IPO: Aditya Birla Money

Subscribe to Persistent IPO Aditya Birla Money: Aditya Birla Silver has released a research report persistent OPI Systems. The brokerage firm has recommended subscribing to the issue of long-term.
To open the Initial Public Offering (IPO) of companies Pune product development program, the subscription rights. The company will raise R 157.17-168 billion rupees in the price band of 290-310 rupees per share capital by issuing 54,19,706 shares.
The report adds: “In the upper band of the issue price of Rs 310, the issue price of the company in a public company of 12.34x its findings on an annual basis, and P / BV of 1.95x in the topic post. Persistent from a player of “pure” OPD No listings available comparisons of similar size, but other players like Sasken Hexaware and trade at a P / E of less than 10 ”
“Persistent Systems has its investor base with a strong taste of Norwest Venture Partners (15%), Gabriel Venture Partners (5%), Intel Capital (4%) and HP (1%), which together hold around 25% in companies. In considering factors including: – Product profile, the highest retention rates, debt, investment and relatively high cash position and strong investor base, we recommend you check this with outlook long term “, said Aditya Birla money.
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