Well after that Reliance POWER IPO, today I just saw Wockhardt IPO news. Its subscribed just 3 % as reported by HT.
I have also read in times that the business has made losses of several $mn in the past and their hospital business has just now stabilized.
Wockhardt IPO was withdrawn, even Emmar MGF got to drop the Issue prices (twice is it? and extend the dates).
I am also into capital markets, my heart sinks looking all the red in my portfolio.
Even MR IPO hs been withdrawn today!
Haha.. All the liquidity has been sucked out by the Power IPO.
BTW even BSE is coming out with its IPO.
Will it help in any manner? though the share inched 7% but i don't understand how it is going to help. if they are going to give 1 share to every one it means each share is now worth half that amount and the shares will correct themselves to half the price ex-issue.
