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    MCX - Shining star; 11 IPOs already called off in 2012

    MCX IPO may be the lone shining star in the IPO market. The year 2012 has already seen call-off of 11 IPOs, says Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities Limited.

    March 10, 2012 / 17:23 IST

    MCX IPO may be the lone shining star in the IPO market. The year 2012 has already seen call-off of 11 IPOs, says Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities Limited.


    1. MCX had stellar listing today. The listing has generated hopes of revival of IPO market. Almost in all the metrics the MCX IPO has proved to be highly successful. It has brought much needed hope and smile to the Indian IPO market.


    2. However, MCX IPO may be the lone shining star in the IPO market. The year 2012 has already seen call-off of 11 IPOs. The probable amount that these 11 IPOs were planning to raise was to an aggregate of Rs 4,771 Crores.


    3. The list of the 11 companies who have called-off their IPOs during 2012 include: Micromax, Embassy Property, Lokmat Media, VRL Logistics, etc
     
    4. This is in additon to the call-off of 29 companies during 2011 calendar year. The probable amount that these 29 companies were planning to raise was to an aggregate of Rs 32,400 Crores.


    5. So, starting 1st January 2011 till date, about 40 IPOs were called off. The total amount they were expected to raise was about Rs 37,169 Crores.

    6. All these 40 companies had valid SEBI approval in hand for their IPOs. Even then, they couldn

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    first published: Mar 9, 2012 04:31 pm

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