Well, that’s what is going to happen in the Indian IPO segment. We have seen how market timings have hit the IPOs of Wochardt Hospitals and Emaar MGF, due to which they had to reduce the prices of their IPOs. However, the markets are still waiting for the big listing of the much awaited Reliance Power IPO (Check your Reliance Power IPO allotment status here). Reliance Power IPO is set to list on the stocks exchanges on 11th February, 2008.
Anyways, when the firms have built up their reputation over so many decades and gained the confidence of the investors right from individuals to big FIIs, then its time to cash in the efforts.
After Anil Ambani led ADAG filed for the Red Herring Prospectus to SEBI for its Reliance Infratel IPO on 4th February, how can the big brother stay back? There are rumors, or better to say strong indications, in the market that Mukesh Ambani has already finalized the proposal for taking its Retail chain of Reliance Fresh on board the exchanges. The Reliance Fresh IPO may soon hit the markets in a few weeks time.
As per the news:
Sources close to the Mukesh Ambani-controlled Reliance Fresh claimed the company is planning a mega public offering that will mop up in the region of Rs 10,000 crore from the capital market. Ostensibly, this will go into part funding its Rs 25,000 crore mega retail venture. It is learnt that the final touches are being added to the draft red herring prospectus (DRHP) that will be filed with market regulator Sebi over the next couple of days. On their part, a spokesperson for Reliance said, ‘‘There is no truth whatsoever.'' But the denials haven't stopped the excitement in the gray market.
So, keep waiting with big amount of money. Lucky for the IPO hungry investors who are willing to make a quick buck in the IPO business. All the best with the IPO applications! | Table of Contents |
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