{"id":25037,"date":"2010-05-05T10:50:40","date_gmt":"2010-05-05T05:20:40","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=163"},"modified":"2010-05-05T10:50:40","modified_gmt":"2010-05-05T05:20:40","slug":"jaypee-infratech-ipo-just-manages-to-scrape-through-at-lower-end-of-price-band-despite-nine-i-banks-selling-it","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/05\/05\/jaypee-infratech-ipo-just-manages-to-scrape-through-at-lower-end-of-price-band-despite-nine-i-banks-selling-it\/","title":{"rendered":"Jaypee Infratech IPO just manages to scrape through at lower end of price band despite Nine I-banks selling it"},"content":{"rendered":"<p>The Junk Indian IPO\u00a0 market is not having too much success.Most of\u00a0 the low quality IPOs are managing to scrape through at just over one time subscription.Jaypee Infratech despite hiring 9 investment banks to sell its IPO just managed to get 1.2 times subscription . Moreover this was done at the lower end of the band . <a href=\"http:\/\/greenworldinvestor.com\/2010\/04\/25\/why-do-people-invest-indian-real-estate-companies\/\">In my earlier post I mentioned that its tough if not impossible to value Indian real estate companies<\/a>. Jaypee is no different because\u00a0 the opacity and subjectivity in valuation of these real estate companies is too high. You should\u00a0 expect a huge discount due to this uncertainity which investors were not getting in this IPO .<\/p>\n<p>Note even the funnier case of &#8220;Tara Health Foods&#8221; . This cattle food company has managed to get subscribed by just 0.04 times despite extending the time and lowering the price band. I thought Tarapur Transformers was the lowest quality offering in recentimes t but this level of investor disinterest in Tara makes me suspect that the award for the lowest quality should go to this one.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Junk Indian IPO\u00a0 market is not having too much success.Most of\u00a0 the low quality IPOs are managing to scrape through at just over one time<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[32,39],"tags":[3157,3267],"class_list":["post-25037","post","type-post","status-publish","format-standard","hentry","category-ipo-indian-capital-markets","category-real-estate-and-construction","tag-ipo-indian-capital-markets","tag-junk"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/25037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=25037"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/25037\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=25037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=25037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=25037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}