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Zylog Systems expected to see a decent listing

Friday, August 17, 2007

Markets have witnessed huge sell off today, which impacted IVR Prime's listing. The stock fell nearly 24%. Will this downtrend affect Zylog Systems listing? Analysts expect the stock to list at around Rs 500 and advised to book profits above Rs 580.

Zylog Systems, a global IT solutions and services provider delivering technology- driven business solutions, will list on the bourses with 1,64,46,420 shares on August 17, 2007. The offer price has been fixed at Rs 350 per share.

The company had come out with a public issue of 3,600,000 equity shares of Rs 10 each through 100% book building process at a price band of Rs 330-350 per equity share. The issue would constitute 21.89% of the fully diluted post issue paid up equity capital of the company.

Posted by FR at 9:20 AM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.