The company is a hydroelectric power generation company, a 75:25 unlisted joint venture between the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). Currently, the company is engaged in designing, planning, developing, examining, organizing, executing, operating, as well as maintaining hydroelectric power projects.
Details of the Issue:
Issue Open: Apr 29, 2010 – May 03, 2010.
Issue Price : Rs.23-Rs.26.(Retail Investors to get 5% discount)
Market lot: 250 shares.
So what’s in store for retail investors in this IPO?
The expected EPS for current year is around Rs.2.5 and the Book value is at Rs.16.The stock is cheaper compared to its peers, but the issue price could have been priced lower. But still this is a good issue to apply for long term. Fundamentally good stock to buy & hold for long term and not for listing gains.