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You are right Soon , If base on latest QR , it is fully value at 48 cts , but we are looking deeper in it and it should be worth more than 0.48 , may be 60 sen on opening bell !
Actually there is nothing wrong with the share , It is just over price , ideal IPO offer price should be 0.30 sen , then Everything is fine and Everybody happy .
I agree with you it may open at 30 cts and I doubtful it can be better than Adnex coz adnex Offer price 20cts and closed 25 cts ,as I have mentioned 3 to 4 weeks ago !
