Open IPOs

This season, its raining IPOs. Currently, the entire market is talking about the two opened yesterday i.e. Satluj and JPI.

SJVN`s public issue comprises of an offer for sale of 415 million shares by the Centre of which 3.35 million shares are reserved for the employees of the firm. The price band of the issue has been set at in a range of Rs 23-26 a share.
Till today early morning, it was subscribed more than 0.4%. Issue opened yesterday and will close on Monday.

Jaypee Infratech, a part of Jaypee Group, entered with its IPO. The issue closes on May 4. The company has set a price band of 102-107 a share. The issue size is 22,620-23,520 million. This issue was subscribed around .8% yesterday.
So, any idea why JP is leading than SJVN, even though JP's fundamentals are weaker than DLF, and SJVN offers much higher P/E than even NTPC.

The JP group has a strong management board hence has many more growth opportunities.
As far as Satluj is concerned, their projects need development time of 5-7 years hence short and medium term investors are shying away from there.
BTW you missed the bus with hot n happening Mandhana IPO which closed yesterday and got subscribed six times.
My advice is to go for Jaypee infra if you are a medium term investor and go for SJ if you have a long term perspective.