The News channels are flashing that SEBI has finally cracked down on companies with shady IPOs. Readers of the blog will not be surprised as this was mentioned in my earlier write up on December 23 2011.
The entire IPO process is being reviewed. The companies are being banned from raising further funds and some merchant banks may be banned too... Let us hope that there is some integrity in all this.
Below are two links
http://www.moneycontrol.com/news/cnbc-tv18-analyst-markets/sebi-cracks-down7-recent-ipos_641041.html
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/sebi-bans-7-firms-from-fund-raising-pg-electroplast-one-life-slips-over-10/articleshow/11289624.cms
If your Broker did recommend this IPO, do have a word with your broker and study all the justifications provided by him/her.
Happy Investing!!
The entire IPO process is being reviewed. The companies are being banned from raising further funds and some merchant banks may be banned too... Let us hope that there is some integrity in all this.
Below are two links
http://www.moneycontrol.com/news/cnbc-tv18-analyst-markets/sebi-cracks-down7-recent-ipos_641041.html
http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/sebi-bans-7-firms-from-fund-raising-pg-electroplast-one-life-slips-over-10/articleshow/11289624.cms
If your Broker did recommend this IPO, do have a word with your broker and study all the justifications provided by him/her.
Happy Investing!!
©Nitesh Kotecha
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