The OGE Enogex ipo which was initially slated to come out with the price band of $18 to $20 a share has lowered its price band to a much lower price. now it will be available in the price range of $16 to $18 a share each.
The OGE Enogex firm is planning to offer a staggering 7.5 million shares throught the initialpublic offering or IPO, as per the details filed by OGE Enogex to EC or Securities and Excahnge commission of USA.
There is no information about why the company has cgone for a price cut evene before the IPO was brought to the market, but experts believe that it is the market volatiltiy which has forced the company to go for the price cut for its IPO.
the details have been filed with the SEC. let's see when this IPO makes it to the market.
Showing posts with label Ipo Price Cut. Show all posts
Showing posts with label Ipo Price Cut. Show all posts
Friday, 21 March 2008
Thursday, 7 February 2008
Wockhardt Hospitals IPO cancelled called off
It’s official now, and confirmed. Wockhardt Hospitals have cancelled the IPO and it will not be going further with the public listing. The reason for cancellation was the the really poor response to the IPO.
Interestingly, the company has no plan in place to tell what they will do to collect the money they were supposed to receive from this IPO. Whether they will go with the private equity players, or will they take a loan, nothing is in place now.
Another interesting part is that among the different segment of subscribers, it was the Retail subscribers portion that got the maximum response (in terms of multiple of subscription). Rest all QIB, HNI, etc were really really meager.
The management attempted all tactics to attract investors -lowering the price bank, extending the IPO offer period. But investors just did not respond.
Emaar MGF situation is no good either. They have extended the bidding date to 11th February and reduced the price by Rs. 10.
Another issue that is currently open, SVEC Construction has not received EVEN A SINGLE BID in its QIB portion as on 7th Feb according to NSE data.
Fantastic way the markets work!
.
Wockhardt is promising the investors to refund their money in15 days. 7 days already for the issue to open, another 15 days for refund, for a cancelled IPO. Who will loose on the interest for these 23 days? That’s why it is said – MARKETS WORK RANDOMLY. Play it safe! | Table of Contents |
Wednesday, 6 February 2008
Should you apply to Wockhardt Hospitals IPO and EMaar MGF IPO?
The current situation of Wockhardt Hospitals can be simply described on 1 word – WORST. First, they reduced the price band of the IPO to Rs 225-260 from Rs 280-310. And now they have increased 2 more day for IPO application and the bidding can be done till 7th February.
Is it a Sabji Market or Vegetable Market, where one can try to sell anything and everything by either lowering down the prices or sitting in the market for more hours? I don’t know.
But definitely people who believe that they can make a quick buck in the IPO market should think once again. What are you parking your money in even for a short period of time?
The current situation of Wockhardt hospitals subscription is as follows:
QIB portion of the issue remains unsubscribed. As per NSE data, as on February 4, qualified institutional buyers (QIB) and non-institutional (NI) investors like HNIs have not subscribed to the offer; the retail portion was subscribed 0.06 times. The grey market premium for the Wockhardt IPO was Rs 9-10.
The situation for Emaar MGF is no good either. It has closed today and here is the information about Emaar MGF subscription:
Emaar MGF has seen its QIB category subscribed 0.38 times, NI 0.001 times and retail about 0.01 times. The grey market premium was Rs 40-45 on Tuesday.
Is it a Sabji Market or Vegetable Market, where one can try to sell anything and everything by either lowering down the prices or sitting in the market for more hours? I don’t know.
But definitely people who believe that they can make a quick buck in the IPO market should think once again. What are you parking your money in even for a short period of time?
The current situation of Wockhardt hospitals subscription is as follows:
QIB portion of the issue remains unsubscribed. As per NSE data, as on February 4, qualified institutional buyers (QIB) and non-institutional (NI) investors like HNIs have not subscribed to the offer; the retail portion was subscribed 0.06 times. The grey market premium for the Wockhardt IPO was Rs 9-10.
The situation for Emaar MGF is no good either. It has closed today and here is the information about Emaar MGF subscription:
Emaar MGF has seen its QIB category subscribed 0.38 times, NI 0.001 times and retail about 0.01 times. The grey market premium was Rs 40-45 on Tuesday.
| Other recent IPOs like Tulsi Extrusions and IRB Infrastructure were fully subscribed on the closing day. Tulsi Extrusions was subscribed a little over two times. But the market is still waiting for the big listing – the Reliance Power IPO, which is scheduled to list on Monday the 11th of February. Analysts say that things may come to normal only after that. All the best to subscribers and applicants. | Table of Contents |
Thursday, 31 January 2008
Wockhardt Hospitals & Emaar MGF cut IPO Prices
The market is setting more and more examples everyday about how everything depends upon the market situation and how helpless an investor as well as the big companies become when the timing is bad.
After so many stop-payments of cheques for Reliance Power IPO and so much speculation going on about the listing price of Reliance Power IPO – expectations generated from Grey market trading prices of Reliance Power IPO shares – it’ the turn of other companies to feel the heat in the IPO business.
In my review of Reliance power IPO, I had clearly mentioned the possible dangers of companies overpricing the stocks following the euphoria they see by the investors in the stock market. However, when things start to go from bad to worse, the same companies as well as the investors wake up to the senses, finally falling victims to the stock market timings.
The latest news to add to this IPO business is that two major IPO’s - Wockhardt Hospitals& Emaar MGF have slashed down their IPO prices significantly.
Wockhardt Hospitals Limited today said that it has lowered the price band of its initial public offering to Rs 225-260 per equity share.
The revision has been done in the light of current market conditions, the company said in a press release issued on Thursday.
The company had earlier fixed the price band for its IPO at between Rs 280-310 per equity share. The issue opens on Friday and closes on February 5.
Initially, the trade analysts were already of the view that the company has overpriced its IPO.
Other news is about EMAAR MGF:
Emaar MGF Land, which had planned to raise up to $1.8 billion in an initial public share offer in India, has cut its offer price a day before opening, becoming the second company to trim its issue because of market volatility.
The company said on Thursday the IPO price range, initially set at 610 rupees to 690 rupees ($15.50 to $17.50) per share, would be reduced to 540 rupees to 630 rupees ($13.7 to $16), cutting the maximum it can raise to $1.64 billion rupees.
What has gone wrong with these 2 companies? Have they lost their business or values or research or market in just past 1 month? No, it’s all dependent upon the market situation. The timing is bad, so is the anxiety of the investors. Everyone falls victim to market timings and the past month has proved to be a typical case of it. Nothing is certain, you apply for an IPO just 10 days back, within these 10 days, things turn from good to bad to worse. You can only observe the so called good company becoming a bad company (in stock market timings) or loosing significant value.
After so many stop-payments of cheques for Reliance Power IPO and so much speculation going on about the listing price of Reliance Power IPO – expectations generated from Grey market trading prices of Reliance Power IPO shares – it’ the turn of other companies to feel the heat in the IPO business.
In my review of Reliance power IPO, I had clearly mentioned the possible dangers of companies overpricing the stocks following the euphoria they see by the investors in the stock market. However, when things start to go from bad to worse, the same companies as well as the investors wake up to the senses, finally falling victims to the stock market timings.
The latest news to add to this IPO business is that two major IPO’s - Wockhardt Hospitals& Emaar MGF have slashed down their IPO prices significantly.
Wockhardt Hospitals Limited today said that it has lowered the price band of its initial public offering to Rs 225-260 per equity share.
The revision has been done in the light of current market conditions, the company said in a press release issued on Thursday.
The company had earlier fixed the price band for its IPO at between Rs 280-310 per equity share. The issue opens on Friday and closes on February 5.
Initially, the trade analysts were already of the view that the company has overpriced its IPO.
Other news is about EMAAR MGF:
Emaar MGF Land, which had planned to raise up to $1.8 billion in an initial public share offer in India, has cut its offer price a day before opening, becoming the second company to trim its issue because of market volatility.
The company said on Thursday the IPO price range, initially set at 610 rupees to 690 rupees ($15.50 to $17.50) per share, would be reduced to 540 rupees to 630 rupees ($13.7 to $16), cutting the maximum it can raise to $1.64 billion rupees.
What has gone wrong with these 2 companies? Have they lost their business or values or research or market in just past 1 month? No, it’s all dependent upon the market situation. The timing is bad, so is the anxiety of the investors. Everyone falls victim to market timings and the past month has proved to be a typical case of it. Nothing is certain, you apply for an IPO just 10 days back, within these 10 days, things turn from good to bad to worse. You can only observe the so called good company becoming a bad company (in stock market timings) or loosing significant value.
Markets give returns only in the long run. Today is the listing of Future Group Holding IPO. I hope the listing price of Future Group Holdings IPO is good enough to keep the investors faith. Wishing all the subscribers the very best of luck. | Table of Contents |
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