One more issue, one more listing day and yet one more disappointment. Very clearly it appears that not only IPO’s in general but power companies IPO’s in particular are a disappointment for all categories of investors. First it was Adani Power, then it was NHPC and now finally it is Indiabulls Power.Issue after issue is [...]
Posts Tagged ‘IPO’
Den Networks IPO subscribed-price discovery at lowest level
October 31st, 2009
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The IPO from Den Networks limited ‘managed’ to get subscribed with a last ditch effort by non-institutional investors. The issue had opened on Wednesday and closed yesterday. The price band was in the range of Rs 195-205. Seeing the debacle in the listing of Indiabulls Power Limited, retail investors stayed away from this issue in [...]
Indiabulls Power Listing Morning: DISASTER for stock and future IPO’s
October 30th, 2009
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Indiabulls Power Limited the third mega power issue in the current season was expected to be different from the other two IPO’s of Adani Power and NHPC. The difference was there but on the unexpected side. It turned out to be a DISASTER. This failure of this issue to be anywhere near the issue price [...]
