SVEC Constructions IPO Called off - GSS America IPO to follow?

Date February 12, 2008

SVEC Constructions IPO has been called off ahead of its scheduled closing date which is Wednesday. It was pretty obvious that SVEC Constructions IPO was bound to have a tough time since Emaar MGF IPO and Wockhardt IPO were called off a few days ahead. The next in line is GSS America IPO which might also be called off if the market sentiments don’t improve by this week. All recent IPO’s are following the same sequence - extend subscription period, reduce price band, withdraw IPO. Certainly the IPO market seems to be at its worst. One can only pity the companies which have come out with IPO’s at present. These companies are plain unlucky for having got the IPO timing absolutely wrong.

Category Posted in IPO India