October 15, 2008

 

Bravery

IPOs are more visible when the stock markets are at the top. In fact, the flood of IPOs is indication that markets is at its peak. The sinking market is the worst time for IPO. I mean, when the true blue chips are available at multi-year low, who is going to buy shares of a new company?

Well, just happened to know about a company called Alkali Metals which is doing public issue to raise Rs 25 Cr. Now, that's a minuscule amount compared to the total IPO market. But you have to give it to them for sheer bravery.

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