Listing Gains & Heavy Risks : Sejal Architectural Glass IPO

Thebullishtrends: Sejal Architectural Glass IPO opens today and will close on 12th June'08. Sejal Architectural Glass offers Rs.10/- shares with a price band of Rs.105 to Rs.115/-. Sejal Architectural Glass is setting up for float glass with a capacity of 2,00,750 tonnes per annum, commercial production may starts from March'09. The cost of setting up of this manufacturing facility is at Rs.434.86 crore. Sejal Architecture is entering into the high competition area, any dealy in the project execution may impact the earnings of the company, and huge debt is also one of the cause of concern. Crisil has given grade 1 for this issue. Listing gains with Heavy risks involved in this IPO.