Another Initial Public Offering or IPO is in queue to open next week.UFO Moviez India Ltd which is India’S largest digital cinema and movies network is coming up with its IPO which shall open for subscription for the investors.
The issue is of about ₹ 600 crore.The price band for the IPO has been fixed at ₹ 615 – ₹ 625 for one share.The Lot Size has been fixed at 24 shares.So investors can apply for a minimum of 24 shares and multiples of 24 thereafter for more subscription.UFO Moviez IPO will open on April 28 and shall be available for subscription till 3:00 PM on April 30,2015.
The leading brokerage firm icicidirect has presented its research report on the fundamentals of UFO Moviez India Ltd. company.The brokerage firm has advised investors to subscribe to the IPO.The firm believes that the digital cinema has good prospects going ahead in future and the sector is likely to do well.The IPO may see listing gains on the day when the IPO lists on the stock exchanges of India and is expected to see handsome growth in future as well.(You may Read Detailed Report here)
You can subscribe to UFO Moviez IPO through your demat account.You can also subscribe to IPO via Internet Banking too if you don’t have a demat account.Some banks like State Bank of India offer the option to subscribe via their Net Banking.You can check with your bank with which you have net banking facility.Otherwise you may visit any local securities brokerage firm serving at your locality for subscribing.
IPOs can be a good way to make quick money.The need is too choose an IPO for subscription wisely after analysing the fundamentals of the company.If you can’t do the analysis by yourself,you can always look upon the research reports of reputed research agencies to make a decision regarding subscribing to IPO.