taking stock

A phrase that the Oxford English Dictionary reports was first used in 1736. It means "to make an inventory of the merchandise, furniture, etc., in one's own possession, recording its quantity and present value, or to make a careful estimate of one's position with regard to resources, prospects, or the like."

Sunday, February 4, 2007

A flurry of good IPOs

* Firstsource Solutions (closed on 2nd Feb)
* Power Finance Corporation (already open, closes on 6th)
* C&C Constructions (opens tomorrow, closes on 9th)
* Indian Bank (opens tomorrow, closes on 9th)
* Mindtree Consulting (opens on 9th, closes on 14th)

A series of good IPOs have opened up with considerable overlap in the issue period, leaving retail investors in dire straits. The worst part is that retail-investors will have shell out at least 50K for each of these, to even dream about minimal allotment. Its high-time SEBI mandated discount for retail-applications (like it was done in case of the RPL issue). But, the flip side of such a mandate would be that the retail subscription may run into few hundreds and the probability of getting allotment will go down several fold.

Said Rajesh at 10:03 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)