SMC Global has come out with its report on IPO market. According to the research firm, 25 companies called off their IPOs during 2011.
The ongoing turmoil in capital markets has been impacting IPO markets severely. The bad mood of capital markets has led 25 companies to call-off their IPOs during this 2011 calendar year. The probable amount that these 25 companies were planning to raise was to an aggregate of Rs 31,000 Crores.
All these 25 companies had valid SEBI approval in hand for their IPOs. Even then, couldn’t open their IPOs within the validity period of one year from the date of SEBI approval.
Of these 25 companies, the list was largely featured with real estate companies and power companies. The list of real estate companies that called off IPOs include Lodha Developers, Ambiance Real Estate, Kumar Urban Developers, Neptune Developers, BPTP, Raheja Universal and Lavasa Corporation. The list of power companies that called off IPOs include Sterlite Energy, Jindal Power, Avantha Power and IND Bharat Power Infra. Other major companies include Reliance Infratel, Glenmark Generics, Gujarat State Petro Corp, One97 Communications.
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To read the full report click on the attachment
Attachments : IPO_SMC_281111.pdf