An In Depth Review of Standard Chartered IDR revealed that its was heavily disadvantageous for retail investors  and that’s what the final subscriptions numbers  of the IDR listing proves as well .The Retail Portion was subscribed only by 25% –  a resounding “no-confidence of StanChart IDR” which was ostensibly done to raise the public profile […]

Standard Chartered Indian Depositary Receipt (IDR) remains 90% unsubscribed till the last day of the issue.In the first 3 days it has managed to get subscription for only 10% of it issue size of  240 million Indian Depositary Receipts .That should be surprising for the issuers considering it has hired Seven Investment Banks (Goldman and […]

I had earlier written about Seven Reasons for Not Subscribing to the Standard Chartered IDR based on a high level analysis.Going through the massive 811 page Red Herring Prospectus has reinforced by earlier thesis –  that subscribing to the StanChart IDR is not a great idea .In my opinion it would be a very bad […]

Emaar MGF has been trying to do an IPO for the last 3 years without success.Recent news suggest that is has reduced its planned offering by 20% and may have to refile the prospectus the IPO with SEBI.Even other big real estate developers are facing hurdles as sentiment towards Realty companies has been extremely negative. […]

The Indian government is fast tracking the process of choosing Investment Bankers for its proposed Rs 40,000 crore($8.5 Billion) divestment of state owned companies in the current fiscal year ( March 2010-2011) which would be  a 60% increase over last year. This comes in the wake of the big losses that investors of last year […]

Jaypee Infratech which is one of the low quality offerings (IPOs) to list in the Indian market fell 10% on the very day of the listing.This is despite allocating shares at the lowest end of the book building range.This is also despite hiring a record number of Nine Investment Banks to sell the issue.However Jaypee […]