IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast off!…10,9,8,7,6,5,4,3….down 70% +

IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast Off!…10,9,8,7,6,5,4,3….down 70% +

IPO Scrip

BSE Code

Listing

Issue Size

Rs Crs

IPO Price

Rs

Current Price

Rs

Market Cap

Rs Crs

Volumes

% Erosion from Issue Price

Orient Green

533263

8/10/2010

900

47

14

658

@4 lakh shares

70

Tirupati Inks

533258

1/10/2010

51.50

43

7.80

11.9

A Few thousand

82

Both appear to be large scale IPO Pricing Valuation Cons !….advised and probably even abetted by Lead Managers….Sad !….Thousands of Retail Allotees in these Scrips have got gyped badly…..methinks we desperately need the Controller of Capital Issues back again…atleast to set a cap on IPO Pricing ! 

Now let me set a Cat among the Pigeons !

….After such a 70% to 82% Erosion in the Share Price from the Ofer Price in just 10 Months do you think Orient Green and Tirupati Inks present an investment oportunity and are worth buying at Rs 14 and under Rs 8 respectively !…the invested IPO Monies in new projects have yet have to bear fruit..Scrips are Down but Not Out…yet ! or are you Once Bitten,Twice Shy !? ….and Orient Green was a huge IPO Issue Size…Rs 900 crs !

Got you thinking !  

Cheers !

3 thoughts on “IPO Disasters…Orient Green @ Rs 14 & Tirupati Inks @ Rs 8 ! …A 10 Month countdown to Blast off!…10,9,8,7,6,5,4,3….down 70% +

  1. who says theres no money in the indian stock maket
    inventure growth attractd 1400 crores in one day alone granted most of it was intraday but it still needed margins worth 1400 crores ….. the stock itself has a topline of 35 crores and net profits of 4 …….. yet 1400 crores were chasing it on one day

  2. Inventure price surge on listing is clearly a deliberate adventure….monies are not genuinely chasing this scrip, Rajesh…I’m honestly shocked,given the current strict regulation and survelliance scenario, by the audacity of this Listing price surge…I hope it will be investigated to confirm if this was a manipulated listing…indications are strong that such an abnormally strong listing,that goes way beyond any valuation criteria dictates, was a premeditated IPO gameplan….destroys the sanctity and credibility of our markets…ofcourse those who had an inside on this IPO and leveraged on it will disagree…..

  3. We are becoming the laughing stock of the world, SEBI our govt are just powerless to stop this rot. This is India’s moment when the world is a mess but still we can’t take advantage of it due to one word, Governance i.e. lack of it.
    SEBI, Govt of India.

    Gaurav,

    You have missing during the best of times ( time to cherry pick and pick stocks at bargain prices )

    Cheers

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