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Review By K.M. Global Financial Services Ltd on September 5, 2012
Issue Period: September 4th-6th
Issue Price (Rs): 402-430
Issue Size (Rs Cr): 19.0
Mcap (Rs Cr): 69-72
Listing: NSE Emerge
Promoters: Mr. K.J. Joseph and Mr. Thomas John
BRLM: IDBI Capital Market Services Ltd
Thejo Engineering is an Engineering Solutions provider catering to the core sector Industries like mining, power, steel, cement, ports, fertilizers etc. Their product portfolio covers design, manufacture and supply of engineering products for Bulk Material Handling, Mineral Processing and Corrosion Protection while their services include belt conveyor maintenance
and operations. Thejo is a pioneer in the cold vulcanizing process in India and has a large market share in its products.
Industry Headwinds - Thejo caters to the core sector which is facing severe macro headwinds. The Indian investment climate is expected to remain subdued for the foreseeable future while the Australian mining sector might also weaken due to slowing Chinese growth.
Review By K.M. Global Financial Services Ltd on September 5, 2012
The initial public offer (IPO) of Thejo Engineering Ltd. offers an early investment opportunity in Thejo Engineering Ltd.. A stock market investor can buy Thejo Engineering IPO shares by applying in IPO before Thejo Engineering Ltd. shares get listed at the stock exchanges. An investor could invest in Thejo Engineering IPO for short term listing gain or a long term.
Read the Thejo Engineering IPO recommendations by the leading analyst and leading stock brokers.
Thejo Engineering IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Thejo Engineering IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts mentioned in the above answer to "How is Thejo Engineering IPO?"
Our recommendation for Thejo Engineering IPO is to avoid.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to avoid the Thejo Engineering IPO.
The Thejo Engineering IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Thejo Engineering IPO allotment status to check.
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