The return of Congress party gave the Indian stock markets a new face as it climbed up 20% the next day when the results were out.
Now when the Budget was announced early this week the markets reacted negatively to them. Markets almost fell 850 odd points on Sensex on the day of budget.
Markets are now again reacting negatively from past couple of secessions.
But there is no end to it. Here is a good news two government companies NHPC and Oil India are coming up with IPO in next 2 months.
NHPC is planing to come up with the issue in August :
NHPC has earmarked an investment of Rs28,000 crore in the current XIth Five-Year Plan (2007-12) to become an over 10,000 MW company.
NHPC, which has a paid-up capital of Rs 11,500 crore comprising 1,150 crore equity shares of Rs 10 each, clocked an EPS of Rs 0.96 in March 2009.
Acting on the government’s disinvestment plans, state-run NHPC will hit the market with its initial public offering of shares to mop up Rs1,670 crore next month. [Source : Indian Money Plus]
While Oil India can come out in September :
Oil India, the nation’s second-largest state-run explorer, is likely to launch an initial public offering (IPO) in the first week of September.
But it again Depends on the market conditions they say. [Source : IMP]
As soon the fixed date comes I will update it here and Even the price band.
PS : Mahindra Holidays and Resorts IPO was over subscribed 10 times, what will happen about Oil India and NHPC ?
[...] India and BSNL have been one of the much awaited IPO’s. Oil India finally gets wings can come out on September 7th depending on the market [...]
I want to get the news of forth coming IPO’s