Reliance Power - Listing below IPO price

Reliance Power, with so much hype, listed at Rs. 430.00, Rs. 20.00 less than IPO price of Rs. 450. Suddenly today, all pundits in trading market who endorsed this issue started comparing with other big power companies like Tata Power, NTPC etc.

Shareshaw Sutra: Bear hug is 'power'ful.

Emaar MGF withdraws its IPO

Emaar MGF Land IPO withdraws its book building issue. On 8th February, QIBs subscription is reduced to 29% and overall subscription dropped to 39%. Please refer to NSE notice to all its members.

Shareshaw Sutra: It's tough to bear a bear.

Wockhardt Hospitals withdraws IPO

Wockhardt hospitals IPO is withdrawn. Very poor response from all categories:

a. QIB - 0.064 times
b. Non-Institutional - 0.05 times
c. Retail - 0.52 times

Refund in 15 days for all applicants.

Shareshaw Sutra - Greed leads to Grave.

Wockhardt Hospitals IPO - Will it be fully subscribed?

I feel otherwise. After (extended) penultimate day, only 13% of its offer has been taken. As per SEBI guidelines, if 90% of offer is not taken, then, company has to refund entire money to applicants with-in specified time (78 days).

Shareshaw Sutra: Be wise and take right decision.

Emaar MGF Land Ltd - IPO Extended till 11 Feb

Emaar MGF has extended IPO offer until 11 Feb 2008 and reduced its lower band price (second correction in price) reflecting the bearish market. Price band is changed from 540-630 to 530-630. This indicates the mood of investors. Other IPOs may follow suit.

Shareshaw Sutra: Analyze and apply.