Anu's Laboratories

The newest IPO in hunt to hit indian market is Anu Laboratories that have an Public issue of 38,20,000 equity shares of Rs. 10/- each at a price band: Rs.200/- to Rs.210/-per equity share of face value of Rs. 10/- each. The issue price is 20 times the face value the lower end price band is 21 times the face value at the higher end of the price band.Even CRISIL assigns IPO grade of 2 from 5 and the fundamentals of the stock is up to the limit.

The brokerage firms telling that there is an profit for shorter period of time but no on longer period of time. So investors can apply on the shares for shorter period of time.