Thursday, Mar 18, 2010 Updated 11:00 IST
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A chartered accountant with a degree in law, he is a visiting faculty at management institutes in and outside Mumbai. Ashok Kumar is rated amongst the best in the business on IPO analysis in India. His opinions and columns can be viewed at www.theIPOguru.com.
Mar 10 14:03 1ST
"In the primary issuance process, Qualified Institutional Buyers (QIBs) that currently pay only 10% margin while applying will be required to pay 100 per cent money in line with what other investors are required to do for all the issues that open on or after May 1, 2010"
Mar 04 12:03 1ST
After a brief period when listings seemed to be turning profitable, the curse of over-exuberant pricing hit home to derail the party that was building up.
Feb 18 13:02 1ST
There seems to be a discernible shift in trend with the little guys faring better than the big boys.
Feb 11 14:02 1ST
It was interesting to watch some of the weekend debates as to whether the NTPC FPO was an utter failure or whether it was a limited success.
Feb 04 19:02 1ST
The government has already announced its intention to conduct the FPOs of REC and NMDC using the French auction process
Jan 28 13:01 1ST
Sebi has had to occasionally crack the whip to ensure that retail investors do not get short-changed while investing in mutual funds.
Jan 21 14:01 1ST
When I lecture at B-Schools, I often challenge my students to question market myths. Am using the term myths as the caveats that should accompany sweeping claims are almost never made.
Some of the more popular myths include: Equities are the best performing long term asset class. To buttress that claim, a chart is invariably presented by equity fund managers with the start point invariably being the lowest point of the BSE Sensex, quite often even before the infamous Harshad Mehta scam period.
Jan 14 12:01 1ST
Retail investors would do well to save up their pennies to participate in the upcoming PSU FPOs.
Dec 31 10:12 1ST
From the look of things, disinvestment would come of age in 2010
Dec 24 11:12 1ST
Retail investors have done the right thing by shunning idiotically priced IPOs, but would do well not to shun every IPO.
Dec 17 12:12 1ST
The emergence of gold as a quasi-default currency, post the weakening of the dollar has put in right at the centre of the limelight.
Dec 10 12:12 1ST
With more than half-a-dozen real estate companies queuing up to raise an estimated Rs 15,000 crore over the next few months, the last news that the potential issuers wanted to hear was the one that emanated from Dubai a fortnight back
Dec 03 15:12 1ST
The history of a poor post-listing performance by power companies dates back to the mega IPO of Reliance Power.
Nov 26 12:11 1ST
The combination of the famed Indian hospitality and the emergence of India as a more resilient and fast growing economy forms a heady cocktail for the resurgence of the hotel sector.
Nov 19 12:11 1ST
Last week, we concluded our discussion on the government's latest disinvestment salvo, wondering whether or not, its many critics have merit in their arguments.
Let's pick the threads therefrom...
Nov 12 12:11 1ST
In his role as Union Finance Minister, Palaniappan Chidambaram presided over the biggest bull run (2004-2007) the Indian bourses has hitherto witnessed. The real trigger for that rally, to my mind, was his decision to make long-term capital gains earned on listed equities tax-free.
Nov 05 12:11 1ST
Another factor that has contributed to the rise in crude oil prices is the weakening of the greenback (USD) against the major currencies of the world.
Oct 29 13:10 1ST
The promoters of realty companies that will issue IPOs will need to rein in their greed and their investment bankers
Oct 22 13:10 1ST
The weakening dollar has also given rise to dollar carry trade, similar to the yen carry trade, which had partly fuelled the bull run in 2006-07.
Oct 15 13:10 1ST
A weaker US dollar has also led to higher gold prices. With the US dollar clearly in a decline, the beneficiary has been the yellow commodity.
Oct 08 12:10 1ST
While a correction could well materialise, the fact remains that gold continues to glow and shows no signs of losing its sheen in the foreseeable future
Oct 01 14:10 1ST
One of the oldest tricks in the IPO market is to ensure that the issue gets oversubscribed within a couple of hours of its opening for subscription
Sep 24 13:09 1ST
Market participants are clapping in the aisles, cheering wildly as corporate India declared its Advance Tax numbers.
Sep 17 12:09 1ST
An interesting scenario is being witnessed in the secondary market...
Sep 09 20:09 1ST
The Government of India's PSU disinvestment programme started off with a bloodied nose following the poor listing of NHPC.
Sep 03 13:09 1ST
Normally, there is a life-cycle for an IPO boom. In the early stages, one sees good companies with relatively underpriced IPOs, in the next stage, there are satisfactory companies will fully priced IPOs and in the final stage, there are weak companies with overpriced IPOs
Aug 27 12:08 1ST
With the average public float for Indian companies around 15%, there are close to 180 big companies, including 28 state-owned enterprises, wherein the promoters stake is more than 75%.
Aug 19 13:08 1ST
In contrast to the knee-jerk thumbs down the stock market gave to the Union Budget presented by the Union Finance Minister, his tabling of the Draft Direct Taxes Code, which would finally replace the nearly half a century old Income Tax Act has elicited an immediate thumbs up.
Aug 13 12:08 1ST
While it is his livelihood for the beleaguered Indian farmer, and, perhaps, even life, for the stock market fat cats, what is at stake is the fear that a bad monsoon could disrupt the revival in the domestic economy, which has been the pivot of a very sharp rally since March this year.
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