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India in the year-end IPO rush

10 Dec 2012
IPO market has never had it so good, the rush is back and the IPO’s in the coming week promises to deliver bonanza for investors by the end of 2012.

As we say goodbye to 2012 and welcome 2013, three companies, Bharti Infratel, CARe Ratings and PC Jewellers, would hit the primary market to raise a whopping Rs 5,700 crore.

But that is not all! Bombay Stock Exchange (BSE), the oldest Asian stock exchange, too is looking to get itself listed as soon as 2013 dawns. BSE has been struggling for a while after losing market share to National Stock Exchange (NSE) and with the impending debut of the MCX-SX over the next few months, the IPO may help BSE to raise funds and take on the competition.

Unlike the years gone by, 2012 has been a good year for IPO’s and barring Tara Jewellers, most IPOs have delivered stunning returns to investors. The reason: Bad markets at the start of the year allowed the companies to keep their offer prices tenable and fair. Also, the quality of IPO’s was much better in 2012 when compared to 2011 due to Sebi’s clamp down on IPO manipulations.

The good returns from recent offers combined with an upbeat market seem to have instigated quite a few issuers to revive their stalled IPO plans. But, will the party go on? or is it short lived? Only time will tell!
Source: Dion Global   Type: IPO Related