A LOOK AT THE IPOs IN THE YEAR 2008

Money raised by the IPOs in till August 2008 *The number includes the recent issues as on August 31, 2008 The total amount raised by the companies in the primary market in the current calendar year till August is Rs.18532.63 crore. Lets have a look at the brief detail of the amount raised: Total 38 companies planned to raise money in the year 2008 so far. But of these 38 companies, 3 companies had withdrawn...

Initial Public Offering – “Modernisation”

There is much happening on the IPO modernization front. The two proposals making rounds for the same are: 1) Reduce the time to market. 2) Only block the money for IPOs, not actually pay for it. The former proposal means that SEBI is proposing to shorten the time taken by the entire IPO process, especially the time between closure of the issue and allotment and then the time between allotment and listing. This will...

YEAR 2008 For IPOs So Far…

Markets are going through bumpy ride hit by bad news since January 2008. First it was subprime crisis in US that hammered banks heavily across the globe. Second was rupee appreciation, which continues for this year as well, technology and textile stocks knocked down. Third, Inflation, which crossed 6% mark last week, which is above the RBI’s targeted 5% level. Due to which, chances of rate cut are far away,...