IPO market cooling down
Because of the current market scenario - with high growth of GDP numbers, deposit rates moving up, gold and property rates booming - investors have several options to invest in which can spring into double digit returns. These are the possible reasons investors are shying away from primary market.
Of the 15 new issuances this year, eight of them are trading below their issue price. Innoventive Industries, Muthoot Finance, Shilpi Cable Technologies, Acropetal Technologies, PTC Financial and Servalakshmi Paper are some of the recently listed companies that are trading below their issue price.
Innoventive
Industries
Innoventive
Industries
(IIL)
has
developed
into
a
multi-product
engineering
company
from
an
auto
component
provider.
It
has
six
facilities
in
Pune
and
Silvassa,
and
services
clients
in
the
transportation,
farm
equipment,
oil
and
gas,
and
power
industries.
Muthoot
Finance
Muthoot
Finance
is
the
largest
financial
company
which
provides
loans
against
gold.
The
company
is
a
part
of
the
Muthoot
Group
which
is
involved
in
many
different
businesses,
ranging
from
financial
services,
health-care,
education,
plantations,
real
estate,
foreign
exchange,
information
technology,
insurance
distribution
and
hospitality.
Shilpi
Cable
Technologies
It
manufactures
Radio
Frequency
(RF)
cables.
Shilpi
Cable
Technologies
caters
to
the
telecom
sector.
It"s
product
portfolio
includes
many
items
which
are
used
in
telecoms
towers
and
mobile
towers.
Acropetal
Technologies
Founded
in
2001,
the
IT
company
caters
to
clients"
outsourcing
in
engineering
design
services,
health-care,
and
energy,
and
environment
sectors.
PTC
Financial
PTC
India
Financial
Services
(PFS),
is
promoted
by
PTC
India
Ltd
(PTC)
as
a
special
purpose
investment
vehicle
to
provide
total
financial
services
to
the
entities
in
the
entire
energy
value
chain
through
equity
or
debt
investment
to
all
stages
of
power
projects
-
in
generation,
transmission,
distribution;
fuel
sources,
fuel
related
infrastructure
like
gas
pipelines,
LNG
terminals,
ports,
equipment
manufacturers
and
EPC
contractors
etc.
Servalakshmi
Paper
Incorporated
in
2005,
Servalakshmi
Paper
engaged
in
the
business
of
manufacturing
Printing
&
Writing
Paper
and
Newsprint.
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