State-run hydro power producer NHPC, which was planning to come out with an initial public offer to raise an estimated Rs 1,670 crore, is withholding the offer for the time being.
Even as the Institute of Chartered Accountants of India (ICAI) is wrapping up its study on the valuation process in initial public offers, capital market regulator Sebi has asked the accounting body to study IPO reforms.
Out of the 40 IPOs in 2008, 32 are trading at lower prices than was offered to public. Stocks 52 Week:High, Low | Gainers | Losers | Only:Buyers, Sellers
The average initial public offer (IPO) has lost 31% from its date of listing this year, in line with the correction in broader market indicators such as sensex that has lost 36% in the last nine months.
Mahindra Holidays & Resorts India, a leisure hospitality provider and part of the Mahindra Group, on Tuesday filed the draft red herring prospectus with SEBI.