11 IPOs to hit market in Sept; some dos and don'ts!
*Next*
People planning to invest money in primary market would have a number of
choices to park their savings this month, as about a dozen of companies are
expected to bring out their IPOs in September.
As many as 11 small to medium scale companies, including tutorial service
provider Career Point and entertainment and media firm Eros International,
are preparing to launch their initial public offerings this month, merchant
banking sources told PTI.
The companies, which are planning to come out with their IPOs include
Indosolar, Commercial Engineers, VA Tech Wabag, Ashoka Buildcon,
Electrosteel, You Broadband and BS Transcom.
'All these companies are trying to hit the market before September because
otherwise they will have to re-file the June quarter financial results with
the capital market regulator Sebi. Till September, they can go with March
quarter financial results,' said a person involved in a number of these
IPOs.
However, independently, these firms could not be reached for comments on
their expected time frame to hit market.
'The huge response received by several issues in recent times is also an
encouraging factor for these companies to cash in the opportunity,' said a
merchant banker.
http://business.rediff.com/slide-show/2010/sep/06/slide-show-1-perfin-11-ipos-to-hit-market-in-sept.htm
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