Tijaria Polypipes Limited closes near its fair value

Tiajaria Polypipes IPO was offered at the fixed price of Rs. 60 and that was too overpriced.

 In the IPO analysis report of Tiajaria Polypipes ltd I had mentioned its fair price as Rs. 12, and today stock closed at Rs.16.10 on the national stock exchange.

Despite being a small company IPO was priced very aggressively especially in comparison with its peers.