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INITIAL
PUBLIC OFFERING |
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Primary Market |
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(Rs. in Crs.) |
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2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Debt |
4,549 |
5,284 |
2,383 |
66 |
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| Equity |
2,420 |
2,891 |
33,475 |
30,325 |
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| Of which, IPOs |
1,981 |
1,708 |
12,402 |
9,918 |
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| Number of IPOs |
6 |
12 |
26 |
55 |
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| Mean IPO size |
330 |
142 |
477 |
180 |
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| Total |
6,970 |
8,175 |
35,859 |
30,391 |
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| (Source : SEBI) |
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The
following factors have a major contribution to
the IPO’s performance in the markets; |
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Pricing of the
IPOs has been at a very attractive levels |
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FIIs and domestic funds have
been aggressive participants in the IPOs |
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The subscription to these IPOs
have been spectacular |
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Most of the companies have provided
rosy outlook going forward |
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The
rapid growth of the Mutual Fund industry reflects
the shift of investor’s preferences from
conventional equity, bonds and tax saving instruments
to market linked instruments like mutual funds.
Also, with IPOs being back in favor with investors
and outperforming the existing stocks, aggressive
IPO distribution will add to the company’s
performance. |
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AGSL
plans to provide mutual fund & IPO distribution
services to its customers by leveraging on the
relationships with its existing customers. The
retail financial services sector is growing at
very high rates, and AGSL by providing these services
at low cost to a large number of clients with
world class service standards can enjoy exceptional
growth. |
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The
platform set- up for equity broking services by
AGSL will give it access to investors nationwide
and also enable it offer mutual fund products
and IPOs to its existing client base. Also, it
will enable AGSL to add value to its existing
customers by offering a wider range of products
to suit their varied investment needs. |
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