Euro Multivision IPO is going to hit the primary stock markets and would open for subscription from September 22nd, and closes on 24th September 2009. Euro Multivision Services Limited is in the business of Compact disc manufacturing of Compact Disc Recordables (CDRs) and Digital Versatile Disc Recordables (DVDRs). The price range for the IPO is between Rs. 70 and 75.
It is the one of the large company that are into manufacturing of CDRs and DVDRs and the biggest competitor for Euro Multivision in the business is MoserBaer. Would skip the IPO as there is no recommendations from market analysts are available and Credit Analysis and Research Limited ( CARE ) has assigned an IPO Grade 3, indicating average fundamentals.