Valuation of Edelweiss Cap looks attractive

SPA Securities has come out with report on Edelweiss Capital (ECL) IPO. The brokerage firm has recommended to subscribe the issue.

Edelweiss Capital, a diversified financial services company, is entering the capital market with its initial public offering (IPO) of 8,386,147 equity shares of Rs 5 each for cash, at a price to be decided through a 100% book building process.

The issue will open on November 15, 2007, and will close on November 20, 2007. The price band has been fixed between Rs 725 and Rs 825 per equity share of face value Rs 5.