Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.

Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
IPOs Revitalized once again? - Views on News from Equitymaster
  • E-MAIL
  • A  A  A
  • Sep 2, 2000

    IPOs Revitalized once again?

    The Initial Public Offering market is set to heat up this month with more than 11 issues slated to hit the market. The total sum to be raised from these issues amounts to Rs 14 bn. This includes bond issue from ICICI limited; Rights issue from Ceat Financial Services and Book Building issues from Pritish Nandy, MRO-TEK, Tips Industries and Creative Eye Limited.

    Name of the company Type Offer Price
    Offer size
    (Rs m)
    Issue Opening
    Hughes Tele.com Book-Building 12 7,492 29th August
    ICICI Safety Bonds Bonds - 2,500 28th August
    Pritish Nandy Communications Book-Building 155 406 4th September
    MRO-TEK Limited Book-Building 95 238 4th September
    Zen Technologies Public Issue N/A N/A 4th September
    Tips Industries Ltd. Book-Building 325 1,000 5th September
    Tabassum International Public Issue 10 40 6th September
    Twin Cities Infotech Public Issue N/A N/A 14th September
    Ontrack Systems Ltd. Public Issue 20 47 20th September
    Indian Overseas Bank Public Issue 10.00 1,112 25th September
    Ceat Financial Services Rights Issue 10.00 1,109 28th September
    Creative Eye Ltd. Book-Building 150-200 400 Mid September
    Total 14,344

    These companies (Creative Eye, MRO-TEK, and Tips) postponed their issue plans due to depressed sentiment and poor response to some of the previous issues like SIP Technology and Arraycom. In fact, these two companies reimbursed application money.

    Why is there a sudden improvement in sentiment? The main reason for this could be attributed to public issue of Hughes Tele.com, which has come out with a book building issue to raise Rs 7 bn at a floor price of Rs 12 per share. This has triggered sentiment in primary market, which has been witnessing a series of issues from small software companies.

    The IPO market may further heat up if the public issue from Hughes Tele.com goes through successfully. This may add spark to the primary markets, which has been showing lacklustre performance for the past six months.



    Equitymaster requests your view! Post a comment on "IPOs Revitalized once again?". Click here!


    More Views on News

    Sorry! There are no related views on news for this company/sector.

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms


    Aug 18, 2017 (Close)