Most of the analysts suggests to avoid this issue. But IPO guru advise investors to put 30% of their funds for this IPO, which may give some kind of returns on listing.
Here is the analysis from Businessw line.
"INVESTORS can avoid the initial public offering being made by FCS Software Solutions at Rs 50 per share. Since the overall software services business is booming, FCS Software's focus on application maintenance, e-learning and product engineering services will continue to offer opportunities for revenue growth. However, being a small player in a sector where even the medium sized players are finding the going tough, represents a significant risk. "
Most of the analysis are based on minimum 3 month targets. So investors can consider this IPO as an avenue for listing gains!!
Happy investing!!
IPO Guru