Current IPO Ratings

1. Kaveri Seeds :

My Rating : 5 / 10

Price Band : 150 -170

Avoid this IPO as it is very aggressively priced at a PE Of 22 at upper band. Current grey market permium is around 25 Rs.

2. Dhanus Technologies Ltd :
My Rating : 6 /10
Price band : 280-295
comment : Not Attractive but apply for listing gains only as current grey market premium is around 100 Rs.

3. Power Grid Corporation of India Ltd.

My Rating : 7/10

Price Band : 42 to 50.

Issue starts on Sep 10th and closes on Sep 13th.

Valuation : offer price at PE of 14 on upper band price at EPS of 3.7 for FY07.
Expected Listing Price : 70 to 80 Rs. ( This is based on curent grey market premium)

Apply for Listing gains and also for Long term point of view as power sector is going to have good growth.

Strategy to Apply : Apply for 2000 shares at cut off price and if the issue is oversubscribed by 15 times also then you will get firm alotment of 125 shares which is the market lot.

The issue size is big and hence good chances of getting allotment.

Good Luck!!!!!!!!