Glory Polyfilms will generate substantial gains, despite adverse media created myth

Plastic packaging maker Glory Polyfilms which is going to list today at its issue price of Rs 48 will give substantial gains upto 70% (I.e. Rs 80) to its holders. On the back of strong buying interest and positive sentiment in the markets,London based HNI Mr. Anand is very optimistic about this stock. However by late today we'll come to know about the outcome but Anand goes on to advise the holders that don't sell it off before Rs. 72 in any case.

The company entered capital market with a 8.22-million-share initial public offer, IPO at a fixed a price of Rs 48 per share.

The issue raised Rs 394.56 million for part- expansion of capacity, would constitute 47.06% of the post-issue paid-up capital.

The proceeds raised from the issue will be used to part finance the expansion of multlayer film, printing capacity and lamination film. Money will also be used for meeting the working capital margin requirements.

Hold on, be patient and you'll see stock price touchin Rs. 80 today, Anand advises to IEM Group visitors.

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