Peoples Leasing IPO

udayakantha · 1 Peoples Leasing IPO Tue Oct 04, 2011 11:23 am

udayakantha

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http://www.lankabusinessonline.com/fullstory.php?nid=1996661980

http://www.cse.lk/cmt/upload_cse_announcements/3541317704595_.pdf

Price Rs.18/=

Daten of opening subscription list 3rd november 2011

mono · 2 Re: Peoples Leasing IPO Tue Oct 04, 2011 5:32 pm

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that's a large IPO

Slstock · 3 Re: Peoples Leasing IPO Tue Oct 04, 2011 5:37 pm

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Too large for a wounded market.

mono · 4 Re: Peoples Leasing IPO Tue Oct 04, 2011 5:42 pm

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slstock wrote:
Too large for a wounded market.

Not really. This will be bought buy institutions & foreigners for the most part.

maddu · 5 Re: Peoples Leasing IPO Tue Oct 04, 2011 7:51 pm

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Second largest IPO in CSE.

LBO NEWS
People’s Leasing Company to sell 390mn shares at Rs.18.00. Subscription to open Nov 03:

Happy trading...!!

Rajaraam · 6 Re: Peoples Leasing IPO Tue Oct 04, 2011 8:25 pm

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mono wrote:

slstock wrote:
Too large for a wounded market.

Not really. This will be bought buy institutions & foreigners for the most part.

Yes mono.I also think that there are enough institutional investors for this including public enterprises and Funds.

rijayasooriya · 7 Re: Peoples Leasing IPO Tue Oct 04, 2011 8:31 pm

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Problem is what will happen to the already wounded market because of this large IPO.

Rajaraam · 8 Re: Peoples Leasing IPO Tue Oct 04, 2011 8:38 pm

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rijayasooriya wrote:Problem is what will happen to the already wounded market because of this large IPO.

I think what you are saying is correct. This kind of large IPOs suck all money and affect the Demand. Therefore indices could be negative soon after the IPO.

Slstock · 9 Re: Peoples Leasing IPO Wed Oct 05, 2011 1:04 am

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Rajaraam wrote:

rijayasooriya wrote:Problem is what will happen to the already wounded market because of this large IPO.

I think what you are saying is correct. This kind of large IPOs suck all money and affect the Demand. Therefore indices could be negative soon after the IPO.

Yes that is exactly what I am saying.

When I said it is too big for a wounded market I meant the retailers. There maybe enough institutional support and funds for the IPO. Afterall it is People bank sub.

But am talking about retailers situation. Current market is still run by retailers mostly.