IT People (India) Limited FPO Message Board (Page 1)

haha.good work by retailers.we need to teach all these overpriced buffons a lesson.purvankara learnt and now IT.
hope in future all these robbers price their IPO at a decent price

IT People retracts FPO on poor response (my iris report)

The book running lead managers of follow on public offer (FPO) of IT People (India) announced today that IT People (India) decided not to proceed with the issue, and the application money received from the applicants will be refunded.

The company decided not to follow through its current FPO, as certain key strategic investors have proposed for providing of long term equity participation in the company. This would substantially complement and strengthen the company`s long term plans and strategies.

The company received a favourable response from the QIB & HNI participants in the FPO but due to a lack of response to desired levels from the retail investors (despite the issue been completely underwritten by the BRLMs), the company has decided to withdraw the issue. The company will take the opportunity of moving ahead with the interest shown by strategic investors.

Shares of the company declined Rs 2.3, or 6.27% to settle at Rs 34.4. The total volume of shares traded was 279,737 at the BSE. (Thursday)

Good response retailers!!!!!

Can anyone guide me on this FPO..? Is it worth investing even for short term..? Have heard about their expansion plans..sounds good.

I am not able to see this IPO in mi ICICI Direct account..Please help me...

please avoid this issue. QIBs is 0 on first day.

pl dont apply this fpo it is not goot resultwise

could any 1 tell me for which ipo i shd go for good returns on the day of listing?

plz go for this fpo....will giv u good returns

IT people fixed FPO price Rs30-32

it people having bright future & i think u can get the highest return then u invest in

u must applied for it people so u can get the double return for ur investment

must fulfill it people having so many comapanies which is top of market so as many as possible application u can applied for

in this week, so many ipo's came ,so that i want to know which ipo is best. can u tell me. i am waiting your answer as soon as possible.

Avoid this FPO, it's result may be worst than that of ICICI

Stay away.... 52 week low Rs.8 on 22 Aug 06 and 52 week high Rs.41.35 on 14 Aug 07. This high can only be "a manipulated" value to fool the investors by keeping an inflated issue price.

DONT apply........

The top bank ICICI bank FPO robbed us. What can u expect from this unknown company?

sebi and other financial control institutes failed to protect investor's money.only , only and only investor can do something to stop the primary market loot (heavy premium) by avoiding to subscribe these types of issues.

This is company making profit double from last three years, in march it makes loss of 13.65 Mn Rs. but from year ending March 2005 it makes profit 2.41, March 2006 5.2 and march 2007 30.8, I think it is progress making company, it is not bed. but it can decided after the issue price, which is yet not decided.

how these buffons to come out with a FPO in these volatile times.anyone knows this company?