DPW IPO is quoted below issue price.
Reasons not clear.
News people may be thinking on this lines:
Proabably was not really oversubscribed to the extent claimed
Allocation mechanism is unclear.
Possible Dhs > USD exchange rate change
Consequences I can guess..
Will become difficult for other companies to go to market
Will become difficult for DPW to approach market again.
Short term speculators would have been burned badly
Monday, December 24, 2007
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