Wockhardt Hospitals withdraws IPO due to poor response

#2
Wockhardt Hospitals withdraws its IPO due to poor response.It plans to refund the IPO money in 15 days.:eek:
well, they will come back again ...nothing to worry.

it should be lesson to investment bankers and the people who are involved in whole process of price bands selection..in bull market many things go unnoticed but when market in dud condition every smallthing matters.

regards
suba
 

leo_3455

Active Member
#3
Think of the people who have applied for Rs. 1 lac. Now they will have to wait for 15 days to get the money back:mad:

Any IPO can be withdrawn if there is poor response? This would mean that we will have to wait until the IPO is reasonably subscribed (minimum 1 time) before going ahead with our application, to be sure the IPO has good response. But if all think like that, an IPO will never get subscribed.

Does this mean the end of IPOs?
 
#4
I think Wockhardt & emaar mgf failed due to huge negativity in the market,possibly this was not the correct time for these issues when the sentiments are down. Both of the companies will comeback when the market become stable
 

Similar threads