CONGRATULATION TO ALLOTEES.IT WILL LIST AT 22 RS AND WILL CLOE DAY AT 16 RS.UR MONEY IS ALMOST HALVED ONCE AGAIN ITS ONLY RETAILERS WHO ARE FOOLED AGAIN TO SUBSCRIBE IN THESE BAD IPO. ONE MORE IPO TO LOOT PEOPLE BIRLA COTYSN GO AHEAD AND ENJOY LOOSING YOUR HARD EARNED MONEY.
Can any tell me date of Listing and also I would like to know what is price at which shares were alloted. as so I have applied @42 and some have applied @38 and some @40 .... But what is price at which these shares were alloted.....
yeh ipo jab aaya tha iski sentiments bahut poor the,isme 70@ paisa mgt ka laga hai iski listing kharab nahin hogi, jaahan aam aadmi apply karte hain woh ipo discount main khulta hai jaise archidply sejal isme operator ki mgt se saanjhghat hai
MUMBAI: The bear run in the secondary market is taking its toll on the primary market. The proposed Rs 1,000 crore-plus initial public offerings by Acme Tele Power, Jaiprakash Hydro Venture and UTI Asset Management Company are shelved for now as these companies have allowed the regulatory approval to lapse.
The big three are among the 20 IPOs that have been put on hold owing to the negative sentiment in the stock market, a senior official from an agency that tracks primary markets said.
“The companies that earlier were ready to hit the market as soon as the Sebi approval was received have allowed their IPO approvals to lapse. These companies will now have to refile for their IPOs. This would not happen until the sentiment and market volatility improves,” said Prithvi Haldea, head of Prime Database, which tracks the issuances in the country.
Companies have to decide on the price band at which they want to offer shares to the public at least three weeks in advance.
Given the volatility in the stock market, issuers are have lost the pricing power, hence the slew of postponements.
“IPOs happens only once in lifetime and no body wants to risk it. When investors are exiting listed companies, how can one expect them to invest in IPOs,” Haldea said.
The lukewarm investor response and the consequent withdrawal of issues like Emaar MGF, Wockhardt Hospitals and SVEC Constructions in February 2008 have made new issuers jittery.
Not just in India, but the lengthened stock market volatility has forced 83 global companies to withdraw their listing plans in the first quarter of 2008. In addition, 24 companies postponed their listings.