While parking my car in busy street of connaught place. Some one threw an IPO form. After looking at logo i was able to recognize relation to Midtree consulting.
Mindtree consulting is one of my favourite companies in the space as its different from other IT Service providers. Since begining itself they have not been positioning themselves in offshore development centre space but as a consultant competing with the likes of IBM and Accenture. Mindtree has a strong proffesional management team in lines with Infosys hence company has potential to outgrow its founder. Company operates across verticals which are seeing rapid growth hence positive growth outlook. What i really like about the company is its hiring strategy. Unlike the other IT service providers flooding campuses with offers unbelievable they are targeting pool of existing workers who have grown from smaller to mid size companies and want to graduate to higher level of challenge requirement. So you may say mix for them might be 30% from campus rest existing work experience holders.
The organization IPO is opening on 9th Feb and closes on 16th Feb. The price band being talked is between “INR 365- 425”. I know one thing i am going to invest in this one with a medium position perspective. Lets hope market doesnt spoil the fun for them.