According to Venkat Ramaswamy of Edelweiss Financial Services, the success of the MCX IPO will give a fillip to primary markets and will help revive demand in the segment.
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.
The private sector lender ING Vysya on Thursday raised Rs 1,000 crore through qualified institutional placements (QIP) and preferential allotment of shares to the promoters.
CRISIL Equities has come out with its report on Qualified Institutional Placements (QIPs) and revealed that two-thirds (66%) of QIPs in 2010 have given negative returns, with 33 out of the 50 QIPs trading below their offer prices.