Quality ip os make money even in a volatile market

1. Quality IPOs make money
even in a volatile market

2. Contd…
Despite a volatile stock market, a host of initial public offerings (IPOs) have made
money for investors, resulting in a strong response to POs which are following. In
he last six months, of the seven IPOs from leading companies which hit the market,
six stocks are still trading above heir respective offer prices. Only Coffee Day
Enterprises, parent of beverages chain Cafe Coffee Day , is trading below offer
price. The sensex has fallen over 13%, from a high of about 28,400 to its current
level of 24,600 on Friday , in the last six months. In comparison, the stock price of
Syngene International, a Biocon group company that was listed in August 2015, is
up 59% at Rs 398 from its IPO price of Rs 250. Interglobe Aviation, the parent of
IndiGo, which saw a 22% crash in the stock price recently , is still up 9% on its offer
price. But Coffee Day Enterprises is trading 25% below its offer price of Rs 328.
The series of success stories is also attracting more investors to invest in IPOs. On
Thursday , TeamLease Services, the Bengaluru-based HR and staffing company ,
closed its IPO with a 66 times oversubscription. It garnered a book size of Rs 27,000
crore compared to its IPO size of Rs 423 crore, exchange data showed.

3. Contd…
“A stable business model, backed by high-quality managements and good pedigree
promoters has led to these success stories,“ said Dharmesh Mehta, MD, Axis Capital, which
was involved in four of these eight IPOs. “Pent-up appetite for good quality stocks among
investors also added to his. For example, there were no good IPOs from the pharma sector
in the last one decade. So when good companies like Syngene and Alkem hit the market,
they were lapped up,“ Mehta said.
The success of these IPOs can also be attributed to their pricing. According to Arun
Kejriwal, director, KRIS, “In an PO, the promoters must ensure there is something on the
able for investors,“ he said.
TeamLease seen listing at 30% premium
Mumbai: TeamLease Services, which closed its IPO on Thursday with a 66 times
oversubscription, is commanding a grey market premium of about Rs 240-250 over the IPO
price, market players said. Given the strong response to the offer, marketmen expect the
company to set the IPO price at the upper end of the Rs 785-850 band. So, punters are
eyeing a listing price of at least Rs 1,100 for the stock.

4. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother
marketingandcommunicationconsultants.com)
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015