Government sources say that report of raising Minimum Public Shareholding (MPS) is pure speculation. In an interview to CNBC-TV18, Prithvi Haldea, MD, Prime Database and Ajay Srivastava, CEO of Dimensions Corporate Finance Services shared their readings and views on the same.
rithvi Haldea, Chairman, Prime Database and Deena Mehta, MD, Asit C Mehta Investments are very upbeat on the NSE IPO. Haldea says 2016 was a good year for IPOs and 2017 looks even more promising.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
2014-15 witnessed a raising of Rs 58,801 crore through public equity markets, double of the Rs 29,381 crore that was raised in the preceding financial year," according to Prime Database.
"Given that nothing has been done on divestment front, I will be surprised if government achieves FY15 divestment target," says Prithvi Haldea, MD, Prime Database.
With Sharda Cropchem, Shemaroo (September 16) and Monte Carlo too expected during the month, September alone will see three IPOs. If all these three issues go through, it would become the best months for initial offers since December 2012.
According to Prithvi Haldea, government must follow the closed auction route for Axis Bank stake sale rather than offer-for-sale or FPO as it is a thriving bank and can fetch much better returns than current market price.
Prithvi Haldea, Managing Director of Prime Database says there's a possibility of a pick-up in divestment activities in the last quarter but meeting the divestment target of Rs 40,000 crore looks tough.
In an interview to CNBC-TV18, Prithvi Haldea, Founder & Chairman, Prime Database spoke about Sebi's new disclosure norms.
Prithvi Haldea, managing director, Prime Database says there are no supply related issues as the pipeline for public service undertakings (PSUs) for divestment is very strong. The problem, Haldea adds, is to do with the government‘s view on the fundamentals of the company and it‘s pricing in the market.
Prithvi Haldea of Prime Database believes that the new measures by the market regulator will be more stringent than earlier.
Prithvi Haldea, MD, Prime Database is not happy with the way government has handled its divestment programme.
Prithvi Haldea, CMD of Prime Database believes it may be linked to promoter pledges. According to Haldea, there is a need to improve investigations on insider trading and investors need to be wary of illiquid stocks in the market.
In an interview to CNBC-TV18, Prithivi Haldea, chairman and managing direct, Prime Database gives his views on NTPC's divestment held today.
Hindustan Copper's divestment began on a tepid note. Eyebrows were raised when the floor price was fixed at Rs 155 per share, at a steep discount to the stock's secondary market price.
Reacting to the announcements made by the Sebi board after its meeting on Saturday evening, corporate tax lawyers HP Ranina, Prithvi Haldea and former executive director at Sebi Sandeep Parekh explain to CNBC-TV18 the various aspects of the announcements and the probable impact on foreign investment and the markets.
Prithvi Haldea, CMD of Prime Database believes the changes introduced by Sebi is not only important but is also far reaching. The e-IPOs will significantly improve the reach of IPOs and the restrictions on revision of bids will help prevent malpractices.
According to Prithivi Haldea, chairman and managing director of Prime Database, the concept of a safety net is good, but only if it is for small allottees.
The SEBI board will meet today to decide on a wide range of reforms for the primary markets. In an interview to CNBC-TV18, Prithvi Haldea, chairman and managing director, Prime Database, discusses all the proposals that are on the table.
Prithvi Haldea, chairman and managing director of Prime Database doesn’t expect any mega initial public offering (IPO) in H1CY12. According to him, the major investor interest in real estate and power IPOs is lacking. However, the secondary markets must stabilise to restore confidence, he stated.
Prithvi Haldea says,"the government should intervene in capital markets and send the message that these are public enterprises which are public entities."
The appointment of a chairman for UTI has been mired in controversy, reports CNBC-TV18’s Mitra Joshi and Avni Raja.
Tarun Bhatia, author of the report and director- capital markets at Crisil Research and Prithvi Haldea of Prime Database, in an interview with CNBC-TV18's Latha Venkatesh, discuss whether the rules over there allow some loose listings or there are others reasons to look for the weakness in the GDR market.
The race for UTI AMC board chairman has entered the final phase amidst resignations of independent directors over differences on nominations, reports CNBC-TV18's economic policy editor Siddharth Zarabi quoting sources.
Prithvi Haldea, CMD, Prime Database said, the new IPO form will remove all the irrelevant information. It will ensure that investors get access to all the critical information which otherwise wasn't available.