Price band 41-46.
Size: About 520 Cr.
Dates: 25-27 June.
I would say investors should avoid this issue.
1) Spice has been constantly making losses in all the telecom circles it operates.
2) It has the 8th largest network… which makes it too small for any strategic investments.
3) The company has not listed even a single move with which it plans to overturn its ailing fortunes.
4) The Promoters (Modi and Telekom Malaysia) are not very serious about the company. They wanted to sell it to Idea (Birla) , but the merger failed due to greediness of Modis. Hence to earn quick bucks Spice is going for this IPO.
5) NSE has refused to list its shares (but it has the permission from BSE)
e-Nagar 
I TOLD YOU SO, ANKUR!!!
PLEASE LET YOUR READERS KNOW THAT YOU WERE WRONG ON THIS IPO ISSUE & SAY 500 TIMES ‘I, Ankur, Should not make Negative comments about IPO’s that I clearly know nothing about’
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r u crazy?
inspite of all the bullish sentiments and the market zooming to its all time high, the IPO is trading at a 16% gains? leave alone the listing gains… if i had blindly picked up any blue chip from the secondary in June… i would have made much more money….
not to mention that because of the poor fundamentals none of the mutual funds (even the telecom/infrastructure specific ones) have not picked up any considerable stake in the company… and the long term viability of the company is questionable.
i might not have a degree in finance.. but in the past 1.5 years, every month I have consistently picked up the best IPO every month… exception being the Orbit Corporation…(apr 2007) And except for Cairn… I have never made any loss in any IPO.
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