Wednesday, 1 August 2007

IPO Update: June & July 2007

8:16 pm    

With Indian indices rallying to all-time highs, how could the IPO market remain behind. Here are the latest IPOs listed on the NSE in June & July - even accounting for the 2 losers, the average return has been ~40% (although over differing periods).

NSE IPO performance in June & July 2007

Coming attractions:

  • Bids in: Central Bank of India, IVR Prime Urban Developers, Omnitech Infosolutions, Zylog Systems, Omaxe, Alpa Laboratories, Simplex Projects, Everonn Systems India
  • New releases: Asian Granito, SEL Manufacturing Company,Purvankara Projects
Wonder if this pipeline will keep a ‘bid’ under the market; at least until the under-writers have offloaded the goods.