Engineers India ipo apply or not?
Engineers India ipo is open and price band is Rs 270 – 290. so at top end price of Rs 290 Engineers India is not expensive and not too cheap. Engineers India reported EPS of Rs13.52 for FY2010 AND will report EPS of Rs15 for 2011 so today’s P/E comes at 21 and 18 -22 P/E is common for engineering companies
In totality apply for issue and sell around Rs300