3I Infotech IPO ?

#1
Hi Experts.
3i Infotech(formerly ICICI Infotech ) IPO is openning tomorrow. Face value of Rs.10 will be open for bidding at band Rs.90 - Rs.100.
Experts comments required for this IPO.

Thanks
Nirmalya
 
#2
Not an expert.. but it appears to me that with only domestic customers for 3I infotech and no immediate future plan for overseas business, premium appears to me a lot. a price band near 60-70 Rs may be more reasonable.
I may be wrong.. TraderJi may put more light on it.
 
#3
I do agree the revenue mix does not have sufficient BPO( foreign) income. This IPO is not very encouraging. I may be wrong

Regards
Ronald
 

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