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Submitted by dipak on November 29, 2009 - 23:01

MBL Infrastructures , no protection for your money

MBL Infrastructures has proposed a public issue of 4.86 million shares of Rs 10 each for cash aggregating to over Rs 1 billion to be decided through 100% book building process.

The price band of the issue which closes on Dec. 1, 2009 has been fixed at Rs 165 to Rs 180 a share.

In today's volatile market you need a downside protection for your money. Even if subscribed at lower end at 165, stock has little room for appreciation and more risk involved in case of correction. If you like it buy after listing .

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