Whenever market is positive mood, we see surging IPO proceeding. More than 30 IPOs have been seen in 2014.However there are only few worth looking forward.Recently Snowman Logistic created news after high subscription even though it was overpriced.
IPOs can have many advantages and bring a great deal of advantages to companies; a stock market launch can provide companies with the means to raise expansion capital, diversify their equity base, provide access to cheaper bank loans, and increase exposure to the public.
Some of the interesting IPOs in 2013, 2014
|Co||Issue Dt||Issue Price||CMP||% Ret|
|Wonderla Holidays||May 09, 2014||125||314||151%|
|Engineers India||Feb 18, 2014||150||232||55%|
|Powergrid Corp||Dec 19, 2013||
|Repco Home Fin||Apr 1, 2013||172||445||158%|
|V-mart Retail||Feb 20, 2013||210||514||144%|
|JustDial||Jun 5, 2013||530||1725||325%|
Public Issues in Last Few Years
|Year||No of IPOs||Amnt Raised|
Mr.Market sees IPO opportunities as quickest way to gain money on listing day. But the average performance post IPO is not satisfactory.
In coming months/years we will seeMushroomsof IPOs and our Key objective is how to find rare companies from it. We are not discussing here short term gain but looking for long term story. Identifying those companies with attractive valuation is very important. What are the points to consider while reviewing it. What are the warning signals.