ANALYSIS OF PUBLIC
ISSUES
Vivaswan Pathak
29/7/2012
What are public issues
• Simply , issue of stock for sale to the public.
Intermediaries
Merchant Banker
Underwriter
Banker
Registrar
Brokers
Stock Exchange
SEBI
Biggest IPO’s in India
1

• Coal India

2

• Reliance Power

3

• ONGC
Analysis of select companies
•
•
•
•
•
•

Coal India
Reliance Power
Reliance Petroleum
Tata Steel
Engineers India
ONGC
CRITICAL ANALYSIS
Book Building Method
Book Building refers to the collection of bids
from investors, based on a floor price, which
is indic...
Price band in the book building process
refers to the band within which the
investors can bid. The spread between
the floo...
Summary
• The book-building process , though effective
has some limitations , it is not perfect.
• The investment in any p...
Resources
• Investopedia
www.investopedia.com
• The Indian Financial System , Markets ,
Institutions and Services by Bhara...
THANK YOU
 Introduction to Public Issues of Stocks
 Introduction to Public Issues of Stocks
 Introduction to Public Issues of Stocks
 Introduction to Public Issues of Stocks
 Introduction to Public Issues of Stocks
 Introduction to Public Issues of Stocks
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Introduction to Public Issues of Stocks

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This presentation covers a very basic introduction of pricing of public issues in India

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Introduction to Public Issues of Stocks

  1. 1. ANALYSIS OF PUBLIC ISSUES Vivaswan Pathak 29/7/2012
  2. 2. What are public issues • Simply , issue of stock for sale to the public.
  3. 3. Intermediaries Merchant Banker Underwriter
  4. 4. Banker Registrar Brokers
  5. 5. Stock Exchange SEBI
  6. 6. Biggest IPO’s in India 1 • Coal India 2 • Reliance Power 3 • ONGC
  7. 7. Analysis of select companies • • • • • • Coal India Reliance Power Reliance Petroleum Tata Steel Engineers India ONGC
  8. 8. CRITICAL ANALYSIS
  9. 9. Book Building Method Book Building refers to the collection of bids from investors, based on a floor price, which is indicated before the opening of the bidding process. The issue price is fixed after the bid closing date. The process is undertaken by the underwriter.
  10. 10. Price band in the book building process refers to the band within which the investors can bid. The spread between the floor and the cap of the price band should not be more than 20%
  11. 11. Summary • The book-building process , though effective has some limitations , it is not perfect. • The investment in any public issue should be done by after thorough analysis of the ipo rating and company fundamentals. • FPO and IPO are not the only way of raising money , but they are the only methods by raising from common man ( retail investors)
  12. 12. Resources • Investopedia www.investopedia.com • The Indian Financial System , Markets , Institutions and Services by Bharati V. Pathak
  13. 13. THANK YOU

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