The year 2007 saw Indian IPO Market scaling new records. In 2007, 112 stock got listed on NSE/ BSE 3 out of 10 gave a return of more than 100%, five outperformed BSE – SENSEX and 3 are trading below issue price. IPOs are selling like hot cake in India because of the simple reason that it gives easy money when the investor chooses the IPO on our recommendation. However, the big challenge was Getting allotment in IPO, which is just like lottery and it depends more on luck if the IPO is like that of most sought after companies like – Mindtree, Religare, BGR Energy, Edelweiss, Mundra Port and so on.
DLF raised $ 2 billion from the market and it was biggest ever IPO for Indian stock market. Reliance ADAG group’s Reliance Power IPO will raise almost $3 Billion in couple of days. Another good issue which is coming at the same time (opening on 11 Jan & closing on 16 Jan) is Future Capital, Kishore Biyani group. Reviews on both of these IPOs will be posted separately.