Update: Gammon Infra IPO subscribed 1.90 times till day three(Wed 12, March 2008)
Gammon Infra is also offering part-payment facility to retail investors and non-institutional investors. The amount payable on submission of the bid-cum-application form is Rs 50 per equity share, with the balance to be paid by the due date.
At the upper band, the company is asking a price-earnings (P/E) multiple of over 100 based on company's FY08 estimated earnings. This is almost three times the current valuation enjoyed by its peers such as Larsen and Tubro and IVRCL Infrastructure.
Gammon Infra is also offering part-payment facility to retail investors and non-institutional investors. The amount payable on submission of the bid-cum-application form is Rs 50 per equity share, with the balance to be paid by the due date.
At the upper band, the company is asking a price-earnings (P/E) multiple of over 100 based on company's FY08 estimated earnings. This is almost three times the current valuation enjoyed by its peers such as Larsen and Tubro and IVRCL Infrastructure.
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