Gammon Infrastructure Projects Ltd (GIPL) listed yesterday at a price of Rs 170 and touched high of Rs 185 before closing the day at Rs 158, well below issue price of Rs 167. The closing price indicates a discount of 5.3% to issue price a price earning (P/E) ratio of 255.
With this IPO, the company has made entry in 'flop IPO' hall of fame. Markets are still volatile and may break out in the ne.....
... read the rest of this article at the source: Gammon Infra: Fears come true
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