by ccmrmyng | Nov 15, 2019 | Learning Module 3, Topic 4: Primary Markets and Initial Public Offerings
The video talked about how attempts to estimate demand in setting an issue or offer price for IPOs can sometimes result in spectacular failures. This post is about the October 2019 listing of the Indian Railways Catering and Tourism Corporation (IRCTC). The IPO Thr... by ccmrmyng | Jul 25, 2019 | Learning Module 3, Topic 4: Primary Markets and Initial Public Offerings
I read about an IPO scams from the early 2000’s. This was a time before KYC norms were in place, requirement for identity proof, address proofs, were all still being formalized. Here is what I can piece together. Step 1: Create multiple bank accounts. One enterprising... by ccmrmyng | Mar 15, 2019 | Dear old dad, Learning Module 3, Topic 4: Primary Markets and Initial Public Offerings
Not wanting to repeat the HDFC IPO non-participation, I propose a new one to Dad in early 2019. This one is a REIT, a real-estate investment trust, the first of its kind, more like a bond, These are vehicles which pay 9+% in returns, backed by rental income from a...