Many brokerage firms have started to come in IPO's. Recently after, Motilal Oswal Financial and Religare Enterpirises , one more firm namely Edelweiss capital is tapping the market from today. Both the IPO's which had come earlier had seen a good result. So, may be the case of this IPO.
Edelweiss Capital is a company which is involved in the business of providing investment banking, institutional equities, private client broking, asset management and investment advisory services, wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients.
The ipo price range is Rs. 725-Rs. 825 per share. And minimum order quantity is 8. So one should apply in 8 lots. And the ipo is from Nov 15-Nov20.
CRISIL the rating agency has rated the ipo as 4/5 (above average). The IPO has been already subscribed 5.24 times on the first day.
The other brokerages already listed include Indiabulls Financial Services, Emkay Share and Stocks Brokers Ltd, Almondz Capital & Management Services Ltd, India Infoline, IL&FS Investmart and Geojit Financials.
Thursday, November 15, 2007
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