After a series of flop issues (Fortis, Abhishek Mills and Binani Cement), the maddening response to the recently concluded public issues of DLF, Vishal Mega Mart and ICICI Bank prove that investors have decided to go all 
the way.
The kind of treatment that these public issues will get on listing will surely set the tone for even the July realty sector IPOs. The only potential threats are possible interest rate or CRR hikes by RBI in the forthcoming monetary policy this June, which could butcher the sentiments of the stock markets, as well as of the economy. Volatility is here to stay, till second quarter results start pouring in from late July. Till that time, remember what we told about yo yos!
B&E,4ps & IIPM Publication
For complete IIPM article click here
Source:- IIPM Editorial, 2008
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