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Sheela Foam IPO News
Sheela Foam IPO
Sheela Foam rises 17% on market debut
Fri, Dec 09, 2016
At 10.33 am, the stock surged over Rs 149.20 or 17.35% on BSE, trading at Rs 1009.20. It was up Rs 279.20 or 38.25% from its issue price.
Sheela Foam IPO oversubscribed nearly 4 times
Thu, Dec 01, 2016
On NSE, the qualified institutional buyers (QIB) quota got subscribed by 7.74 times with bids of 1,16,04,020 shares versus 15,00,001 shares issued. No domestic financial institution has opted for this IPO throughout its issue.
Should you invest in Sheela Foam IPO?
Wed, Nov 30, 2016
Daljeet S. Kohli, Head of Research of India Nivesh, recommends not to subscribe for this issue as he believe factors like higher RM cost, demonetization and higher valuation would give an opportunity to enter later at attractive price.