The ir-rationaly priced Cairn India scrip got listed on BSE and NSE today. It listed at a discount of 20% to offer price and the scrip is currently trading at Rs 130.
DalalStreet.Biz had put an avoid recommendation on Cairn energy IPO. Don’t be in a hurry to BUY Cairn as you should get the stock around Rs 100.
In another development DLF developers have filed a draft prospectus with SEBI for mega IPO.