UNIT 8 CAPITAL MARKET I : NEW ISSUES MARKET Structur 8.0 8.1 8.2 8.3 . . Objectives Introduction ‚Primary Market and Secondary Market ’Idethods of Floatation of New Issues 8.3.1 Public Issue 8.3.2 Rights Issue 8.3.3 Private Placement 8.4 Entry Norms for New Issues 8.5 Fixation of Premium 8.5.1 Book Building Process 8.6 Reforms in Primary Capital Market 8.7 Recent Trends in New Issues Market in India 8.8 Let U s Sum Up 8.9 Key Words 8.10 Some Useful Books 8.1 1 Answers/Hints to Check Your Progress
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organization that has an immense future and growth. The leadership of the organization understands that the company should start an Initial Public Offering (IPO)‚ which would require several changes within the organization. Gene One’s leadership has various points-of-views on what should take place. For some‚ the change is at the right time‚ and for others going public would jeopardize the company because the organization is not ready for the change at this moment. With today’s business environment
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Name: Roll no: 2011203 Div: Finance B MMS II Law assignment: IPO Promoters Role INTRODUCTION The Securities and Exchange Board of India (Sebi) has tightened rules governing promoter contributions in initial public offerings by mandating a one-year lock-in period on such holdings from the date of allotment of shares to other shareholders of the company. Presently only 20% of the promoters’ share in the IPO is subject to such lock-in. Sebi has introduced this and a slew of other changes
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Why Has IPO Underpricing Changed Over Time? Tim Loughran and Jay Ritter* lu the l9SOs. the average first-day rcliirn on inilial public offerings (IPOs) was 7%‚ The average firsl-day return doubled to almost I5 ’ ’ ’i during 1990-1998. before jumping to 65% during Ihe internet bubble years of 1999-2000 and then reverting la / i % during 2001-2003. We attribute much of the higher underpricing during the bubble period to a changing issuer objective function. We argue that in the later periods there
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the cost to gain a customer and targeted internet savvy consumers with large credit balances. In 1999 the company went public‚ and by 2000 they had nearly 1 million customers extending close to a billion in credit to those customers. Even with this success‚ the company did not make a quarterly profit and had over 80 million in losses. As this information began to make it to public knowledge‚ serious investigations began to occur‚ prompting their auditors‚ Ernst and Young of Silicon Valley‚ to take
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ECONOMIC OFFENCES | REGULATION OF SECURITIES MARKET | Naiti Kansara (3)Anushka Debnath (14)Aayush Mehta (25)Manan Parekh (36)Urvashi Baldia (47)Sejal Chhajed (59) | CONTENTS 1. What are economic offences? 2. Types of offences‚ legislation‚ enforcement authorities 3. A few scams * Telgi Scam * 2G Scam * Demat Scam * Harshad Mehta Scam 4. Acknowledgements 5. Bibliography WHAT ARE ECONOMIC OFFENCES? Economic offences form a separate category of crimes under
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CONTENTS 1. INVESTMENT BASICS....................................................................................................... 6 What is Investment?...................................................................................................................6 Why should one invest? .............................................................................................................6 When to start Investing?.....................................................................
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We’re a young company‚ and this is an exciting place to work. But the work is intense. People are here at work 24 hours a day‚ seven days a week. Our employees would probably be motivated even without our bonus plan. But the plan is still important. It is a tool to focus people’s attention on the right things… Being a young company‚ we’re still in a “preprofit” stage of operation. Thus our performance measures are primarily nonfinancial. The non-financials are what we need to pay attention to.
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Exam 3 Scenarios Sample Exam 3 Scenario 1 The Friendly Market is a large supermarket located in a city in the Southwest. "Friendly’s‚" as it is popularly known‚ has more sales per square foot than any of its competitors because it lives up to its name. The personnel go out of their way to be friendly and helpful. If someone asks for a particular brand-name item and the store does not carry it‚ the product will be ordered. If enough customers want a particular product‚ it is added to the regular line
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Netflix launched its website in April of 1998‚ offering customers online rentals and sales of DVDs. Netflix experienced rapid growth; revenues grew from USD 1.4 million in 1998 to USD 152.8 million in 2002. Netflix’s strong record of executing on its core principals – value‚ convenience and selection – enabled the company to win subscribers at a much faster rate than directly competing online services. After Netflix had its first positive cash flow in the fourth quarter of 2001; Company’s management
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