We are seeing a spurt in the IPOs of many companies that don't deserve the kind of post listing gains they show. Example: Midfield Industries Limited. How does this obscure company that manufactures Steel Strappings with no technology involved and with a small value addition, justify skyrocketing of its share price in the market? Doesn't it bring back the memories of KP days? It stinks of operators and promoters manipulating the price for their own gain.Is there no one to check such malpractices any more? SEBI???
Stage Managed IPOs(3 posts)
First choice IPO totally agree with the views expressed by NewMan. From the listing day to till date, it appears, stock price is manipulated. Is SEBI listening?
Rush of IPOs to beat SEBI results norm
12 issues coming this month to raise Rs 4,000 cr.
Tania Kishore Jaleel
Mumbai, Sept. 17
PLEASE LOOK ON ABOVE LINES. THERE IS A CLEAR
VIEW THAT THAT MARKET IS IN HANDS OF MANIPULATORS.
MERCHANT BANKERS/ MANAGER TO THE ISSUES ARE VERY
MUCH ACTIVE TO PROP UP MARKET THE MARKET ON
EVERY NEWS - GOOD OR BAD!!
EVERY INVESTORS MUST CHECK PROSPECTUS CAREFULLY
AND AVOID THE REPEAT OF ASTERSILIATE EPISODE.
ASTERSILICATE WAS A GOOD FABRICATED SERIAL
BY MANIPULATED PERSONS. SO BE CAREFUL.
NOW EVERY CO. WANTS TO SNATCH MONEY FROM
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