10-13-2008, 11:36 PM
<b>IPOs witness value erosion of over $3 bn</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Indian primary market has virtually dried up as the total value of initial public offering of 2007 has witnessed an erosion of about $3.43 billion so far this year, with the media space being worst hit, a latest report says.
The bullish trend in the capital market was see in the IPO volume of 2007, as a record volume of $8.18 billion was raised.
However, <b>rough market conditions have resulted in a negative return of about 42 per cent or a value erosion of $3.43 billion in absolute terms till October 10</b>, according to a report of Nexgen Capitals, the merchant-banking arm of brokerage firm SMC Global Securities.
<!--QuoteEnd--><!--QuoteEEnd-->
Because of genius who are running India, no effect on India.
The bullish trend in the capital market was see in the IPO volume of 2007, as a record volume of $8.18 billion was raised.
However, <b>rough market conditions have resulted in a negative return of about 42 per cent or a value erosion of $3.43 billion in absolute terms till October 10</b>, according to a report of Nexgen Capitals, the merchant-banking arm of brokerage firm SMC Global Securities.
<!--QuoteEnd--><!--QuoteEEnd-->
Because of genius who are running India, no effect on India.