Thread by @sainik636

@_prashantnair @dugalira 1. Summary of the CH session on 27/10/2021. " Mega IPOs & Market Tops". Examples of 5 Mega IPOs since '94. Chicken & Egg situation. Did the Mega IPOs come at the TOP or a Roaring Bull Market create the condition for Mega IPOs ?. 🤔

2. 1994: MSGF : Planned 300 cr. Raised 1000 cr. Closed ended Fund; Grey Mkt Premium : 500%. Black Mkt for Application Forms. Some applied by Xeroxing the Original App. Forms😷. NAV always below par thro' the entire period of 15 years.😳Sensex dropped by 15 % in the next 4 months

3. 2006.: Rel. Petro : Rs. 8100 cr. Largest till then. Oversubscribed 51 times. Despite SEBI restrictions on P-Notes, the market was bullish till it got listed on 11th May 2006. Nifty fell 30 % over the subsequent 30 days.

4. 2008 : Reliance Power: Rs. 11500 Cr. Largest till then. Oversubscribed in first hour after opening on 15th Jan 2008. Final Over subscription 72 times. Nifty fell 29 % subsequently in 6 trading sessions.

5. 2010 : Coal India: Rs.15200 cr. Largest till then. Oversubscribed 15 times. Listed on 4th November. Nifty fell 10 % in 20 trading sessions.

6. 2021 : Zomato : Rs. 9375 cr. Largest till then. Oversubscribed 38 times. Listed on 27 th July. Small Cap Index fell by 10 % in 3 weeks from peak on 3rd Aug.

7. 2021 : Year of IPOs. Approx. 100 K cr. to be raised in 12 months . Next 10 days 30k crore will be raised. The mother of all IPOs coming in the next 10 days. PayTm raising Rs. 18,300 cr.

8. Some FUN FACTS : Dutch East India Co. was the first IPO in the world in 1602.India figured then too 😁; Reliance Ind IPO in 1977 raised Rs. 2.82 crores; In just 2 years,'94-'95/'95-'96, a total of 2750 IPOs debuted, averaging 5/day😱Sucked liquidity dry hence markets bearish.

9. @threadreaderapp . Please "unroll"