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phoenix international belongs to indus gas gropu with 6000 cr market cap in uk market...with oil fields near cairn energy and indus basin....now that the object clause of phoenix int has changed things will change for this co....cmp of 17 could go to above 300 if if gets something from the group co......
Many a time investors get carried away by the greed of making quick buck on the listing day and end up overlooking the higher price.
It is up to the investor to decide whether to apply or not.
As long as the greed exists, exploitation also exists..retail lot have to blame nobody except themselves when it comes to applying for high priced IPOs.
IPOs were real attraction in the days when they were offered at par during the time of CCI( controller of capital issues).
Once the norms got relaxed ( with the advent of SEBI and new capital market regulations came in to existence in early 90s)and companies were allowed to charge premium, they lost the charm and savvy investors since then have been keeping themselves away from IPOs as they always find better options in secondary markets.
Now its only the gullible ones and gamblers who get carried away by IPOs....
but it will be difficult... in the price discovery.. vested interests play havoc with small investors......
tara23 One solution can b no price band.Let investors themselves write price in d form that they wl buy at this price and co then allot to those who have quoter high price.It wl also stop grey market....
dear nadhi,
I agree with you on this, retail investors do not have any say. but have to control themselves by refraining from subscribing to such ipo`s. I have never seen sebi, returning prospectus in the name of high prices whether it is from public /private sector..
regards
t23...
Dear tara,
They have a say even now, of course in deciding either to buy or say NO. If the over priced IPOs are rejected then the price of the new IPOs will automatically come down. After all the market is all about supply and demand. I do not now as to how the retail investors can have a say in deciding the issue price.
Regards
nadhi...
already it is in place... but how many investors it can protect, they should have a say in deciding prices too......
various issue has been address to sebi before regarding the investors protection and sebi has made amendments time to time.
there should be some thing like investor protection board or sebi should undertake the responsibility....
TeleNav, Inc. announced on Nov. 2 that its wholly owned subsidiary, TNAV Holdings,Inc., filed a registration statement on Friday, October 30, 2009 with the Securities and Exchange Commission relating to a proposed initial public offering of TeleNav`s common stock. The shares in the offering will be offered by TeleNav and certain selling stockholders. TeleNav Inc. plans to sell up to an estimated million in stock through an initial public offering....
Dear Sir,
Presently we are unable to offer SHRIRAM TRANS OPTION NCD`s for trading as it is newly offered debenture product and there is a requirement of system and process modification.
We will communicate as and when the same is enabled for trading in the site
We apologize for the inconvenience caused. Looking forward for your co-operation in the interim.
Sincerely,
Nayantara Gadekar.
Customer Service Officer
ICICI Securities Ltd...
whether we like it or not, they will be pricing like that only. only thing in our hands is not to invest or look at IPO`s...
India IPOs over-priced
On the slew of initial public offers (IPOs) seen in India, Mobius said many of them were “much too aggressively priced”. “Many of these IPOs are going to have to be repriced as we go forward. That is already happening; we have seen a number of IPO prices come down even before they begin to think about going to the market,” he said.
The IPO party would, however, help in reining in the secondary stock market from going to bubble valuations because the excess supply of paper absorbs capital. “This IPO activity has a tempering effect on the markets which is very positive,” he said. “I am certainly not against IPOs. That doesn’t mean I am going to go after these IPOs that are expensively priced
...
dear sagarji
it takes about 15 days to completely credit all bonus shares.
you can also contact the registrar by mail or by call
in this case karvy
regards
alok aggarwal...
Hi All,
Me too bought 30 of IOC on 21-Oct. Now price has fallen by half but isnt my stock supposed to double after 30-Oct? Please advice.
Thanks,
Sagar...
what u thin about reliance one should buy or sell at this time?...
