With the equity markets in a upward swing, I think this is the best time for an IPO. Situation is similar to the one prevailing Reliance Power IPO issue. Everyone is bullish and demat penetration has gone up significantly, which means lots of applications. If other things are taken care, any IPO in the next few days, though procuderally very difficult, will be a big hit.
I have decided that instead of trying to write long and in-depth posts, small thoughts can be easily shared and thereby keep the blog active.
The current upswing can be explained only in Indian terms as normal valuation models fail to explain the fall and rise. What changed in two months - a stable government, mixed signals from US (minimum impact from Obama's taking charge), some stock specific signals, lots of big investors missing the election-results rally making them go after midcaps, etc etc.
Real estate is still precarious, trust levels between the developers and buyers at an all-time low and job-loss worries at an all-time high in the IT sector. But the prices have still not come down to reasonable levels and therefore better hold for some more time before taking the plunge.
Class of '09 appears to be placed fully now and I hope this placement season acts as a warning for the modern day gold-hunters, who assume that just by getting admission to a good B-school would ensure a high-paying salary.
Having run around for 14 years, I have decided it is time to hit decelarate button for sometime and allow others to go ahead and instead spend time on more important things in life. Lot of time is now going in to reading fiction, playing squash, watching movies with family, buying vegetables etc etc.
Delhi weather is becoming more agreeable and I think coming weeks would be much better
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