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Topic : Best & Worst Stocks
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Industry : Equity Research/Analytics
Functional Area : India
Activity: Question posted: 09 05 2009 06:29:24 +0000, 2 answers, 140 views, last activity 07 06 2010 20:18:08 +0000
 
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The State energy explorer Oil India's IPO which is worth up to $570 million is fairly priced and should be able to leave money for subscribers, but some investors are also really wary after the last two big Indian listings like NHPC and Adani power gave a bitter pill. Oil India, the second state-owned firm to go public this year, opens its offering on Monday and has set a price band of 950-1050 Rs for its shares.

The other two major recent IPOs, by Adani Power and NHPC, made disappointing market debuts despite generating heavy oversubscription levels, which i guess could dampen the response for other listing aspirants and lead some to reconsider the pricing.

So what are your views on this one, and is the Price band a good one?

 
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the company , valuations seems ok, but the participation may be less as correctly pointed out by suchitra.

In Adani & NHPC IPO , the leveraged investors have still not got chance to break even and make some profits...

Also in OIL INDIA IPO, the grey market premium is very less, still with the issues i believe that a long term investor , many will invest, also hope that this IPO gives a better opening than the past ones...



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by   Japan Shah, H.O.D, Oxford School of Management  | 09 05 2009 08:15:59 +0000
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Rating : +1 

Some how 

1.the last two lisiting have left a very bad taste for a informed and genuine investor.

2.Also for a leveraged investor..it has turned the cookie cart upside down.

3.Speculators....the whole IPO scenario has puzzled them....so unless a IPO issue gives reasonable returns.....the sentiment or spirit  for further IPO,s will reamin sluggish...

 
 
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