11 companies call off IPOs in 2012: Report

March 09, 2012 17:49

At least 11 firms have called-off their Initial Public Offer (IPO) plans since the beginning of 2012, even as the country's largest commodity exchange MCX
today made a stellar debut in the stock market after a highly-successful IPO last month, a report has said.

"MCX IPO may be the lone shining star in the IPO market. The year 2012 has already seen call-off of 11 IPOs. The probable amount that these IPOs were planning to raise was to an aggregate of Rs 4,771 crore," brokerage firm SMC Global Securities said in a report.

This is in addition to 29 companies having shelved their IPO plans last year. The total amount these companies were planning to raise was about Rs 32,400 crore. Since January, 2011, about IPOs have been called off till date.

« Back to LIVE

TOP STORIES

Meet Baldev Kumar from Punjab, first outsider to contest J-K LS polls

The abrogation of Article 370 in August 2019 paved the way for outsiders to contest polls in the Union Territory.

IPL PIX: Rahul, de Kock power LSG to easy win over CSK

Openers KL Rahul and Quinton de Kock hit fifties as LSG trounced CSK by eight wickets.

Phase 1 sees nearly 63% polling amid stray incidents of violence

"The voting percentage is likely to go upwards when reports from all polling stations are obtained as polling is scheduled till 6 pm in many constituencies. Final figures will be known on Saturday after the scrutiny of form 17A," the EC...

Manipur records 68% polling marred by violence, firing, booth capturing

At Thamnapokpi under Moirang constituency in Bishnupur district, armed men fired several rounds in the air near a polling booth prompting voters to flee, police said on Friday, adding additional security personnel were rushed to the spot...

Air India to soon have new crew management system

Air India will soon have a new crew management system that will help strengthen rostering rules and enable faster recovery from scheduled disruptions. In a message to the staff on Friday, Air India CEO and MD Campbell Wilson said that...