{"id":369,"date":"2010-05-18T14:34:58","date_gmt":"2010-05-18T09:04:58","guid":{"rendered":"http:\/\/greenworldinvestor.com\/?p=369"},"modified":"2010-05-18T14:34:58","modified_gmt":"2010-05-18T09:04:58","slug":"another-junk-ipo-tarapur-transformers-plunges-on-the-day-of-the-listing","status":"publish","type":"post","link":"https:\/\/iiec-india.org\/greenworld\/2010\/05\/18\/another-junk-ipo-tarapur-transformers-plunges-on-the-day-of-the-listing\/","title":{"rendered":"Another Junk IPO Tarapur Transformers plunges on the day of the Listing"},"content":{"rendered":"<p><a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/01\/indias-junk-ipo-market-update-tara-health-foods-fails-to-get-subscribed\/\">The Indian market has seen a wave of low quality offerings<\/a> in the recent days propelled by the bullish conditions prevailing in the market.<a href=\"http:\/\/greenworldinvestor.com\/2010\/04\/26\/yet-another-junk-ipo-tarapur-transformers-in-the-offing\/\">Tarapur Transfromers is a prime example of such low quality<\/a> which I have described before. The fundamentals of these companies is a total mess to say the least.They just get managed to listed at the low end of the range at <a href=\"http:\/\/greenworldinvestor.com\/2010\/05\/05\/jaypee-infratech-ipo-just-manages-to-scrape-through-at-lower-end-of-price-band-despite-nine-i-banks-selling-it\/\">just about 1 times subscription<\/a> no doubt through help from &#8220;friendly investors&#8221; and promptly take a massive plunge either on the day of the listing itself or after a period of &#8220;pump and dump&#8221; . The market regulator makes no effort meanwhile to find how these issues are getting funded as a &#8220;few dirty fish can foul the whole pond&#8221;.With India requiring massive capital infusions and the stock markets being one of the most important conduits , a few rules on the quality of the offerings would be a great help in purging such junk. Maybe a new market for such listings for example a &#8220;junk&#8221; market should be opened to allow high risk investors to fund such\u00a0 companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian market has seen a wave of low quality offerings in the recent days propelled by the bullish conditions prevailing in the market.Tarapur Transfromers is<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],"tags":[903,3157,3267],"class_list":["post-369","post","type-post","status-publish","format-standard","hentry","category-ipo-indian-capital-markets","tag-capital-goods","tag-ipo-indian-capital-markets","tag-junk"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/369","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=369"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/369\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}