By Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities
The year 2012 has already seen call-off of 17 IPOs. The probable amount that these 17 IPOs were planning to raise was to an aggregate of Rs 5,928 Crores. The list of the 17 companies who have called-off their IPOs during 2012 include: Micromax, Embassy Property, Joyalukkas, Lokmat Media, VRL Logistics, Aravali Infrapower, Semantic Space Technologies, etc This is in addition to the call-off of 29 companies during 2011 calendar year. The probable amount that these 29 companies were planning to raise was to an aggregate of Rs 32,400 Crores. So, starting 1st January 2011 till date, about 46 IPOs were called off. The total amount they were expected to raise was about Rs 38,326 Crores. All these 46 companies had valid SEBI approval in hand for their IPOs. Even then, they couldnt open their IPOs within the validity period of one year from the date of SEBI approval. Besides this, starting 1st January 2011 |
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