Wednesday 25 June 2008

KSK Energy

As per Keynote Capitals recommendation you can subscribe to KSK Energy Verntures IPO with a long term view. The company has come out with an IPO of 34.61 million shares of Rs 10 each, aggregating Rs 883 crore, in the price band of Rs 240-255 per share.

As per Keynote’s valuation exercise, the IPO is priced at Rs 2.5 crore per MW (considering only existing projects and projects under construction / development) which looks expensive vis-à-vis established peers like NTPC which trades at Rs 2.1 crore per MW and Tata Power at Rs 2.3 crore per MW.

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