The demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of the existing investors regarding the offer for sale. The verdict is pending. This may be a major deterrent for risk-averse investors. Given these factors, the issue looks more suitable for investors with a higher risk appetite.
Aegis Vopak Terminals, The Leela IPOs to list on Monday: Here’s what GMP indicates
Aegis Vopak Terminals and Schloss Bangalore debut on June 2 with muted investor sentiment. Both IPOs saw modest GMPs and were driven mainly by institutional