Indian IPO Market in a tail spin at FinGad.com

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Categorie: Emerging Markets
Submitted 7 months ago by

Narasimhan , Owner at Krish Systems

The Initial Public Offer to primary investors in India hi the highest in FY 2007 with over Rs. 365 Billion raised. Even during the first two months of FY 2008 investors lapped up Rs. 160 Billion primary issues, Reliance Petroleum and Rural Electrification forming the bulk of the monies mobilized at 134 Billion. The first two months gave nightmares to the issue managers, companies and investing community. The issues were withdrawn, premiums slashed and issues closed out even prior to full subscription with full refund to the subscribers. Wockhardt Hospital, Emaar MGF Land and SVEC Constructions had problems in managing subscriptions and eventually had to be withdrawn. font-size: 10pt; fo... More...

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