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IPO, New Issues
Indian IT-BPO sector to be impacted for at best 3-4 quarters by US financial turmoil-Nasscom
Posted by :
zoombusinessTracked by: 0 Boarder
The developments of the last week with respect to the US financial markets have been are very eventful, and Nasscom see these having a direct impact on IT industry and likely to create a downstream impact on other sectors of the US economy and worldwide markets.
Earlier this year when NASSCOM announced its revenue projections, the growth rates had been moderated for this year to 21-24%, as compared to an average growth of 30 % plus we have seen over the past few years. This was a direct factor of the subprime crisis which began last year; however, these recent developments were not factored to this extent.
30-40% of the work that happens in the Indian IT-BPO industry is from the BFSI sector. Nasscom preliminary analysis of the current landscape indicates that the industry would see an impact of discretionary spend on IT due to the uncertainty and customer decisions being postponed. Though the industry has, over the years diversified both in terms of verticals as well as geographies, which provide some cushion, the uncertainty of whether the financial crisis would spread in the same extent to other geographies, and what its impact would be on other sectors like retail, manufacturing, healthcare etc. cannot be determined exactly.
Nasscom also believe that the intervention by the Federal Governments would be aimed at limiting the larger economic impact. We are watching the situation, as things are unraveling fast and should have a clearer picture over the next 6-8 weeks. As in the past NASSCOM will do an in-depth review of all segments in December and quantify any impact of the present developments.
India’s value proposition continues to be strong. Given the widespread impact on corporations, they would be looking at business transformation and new business models, all of which would mean increased opportunity for the Indian IT-BPO sector. We will also see revamping of existing financial systems in the BFSI segment needing fresh IT inputs. With this we estimate that the impacts on the Indian IT industry could be for at best 3-4 quarters; Indian companies will look to partner with their customers as the global financial sector realigns itself.
(This is Nasscom Statement )
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Tracked by: 0 Boarder
Dear Friends, The 2o Microns is getting listed on 6th October 2008 and the details is furnished below.Good Luck to all those who got the allotments.
20 Microns Limited
Symbol :20MICRONS
Name of the Company :20 Microns Limited
Series :EQ
ISIN : INE144J01019
Face Value : Rs.10/-
Paid-up Value : Rs.10/-
Issue Price for the current public issue :Rs. 55/-
Security Description : Equity shares of Rs.10/- each fully paid up
No. of securities : 14120419
Distinctive number range : 1 to 14120419
Market lot : 1
Pari Passu : Yes
...
Tracked by: 0 Boarder
Dear Friends, The 2o Microns is getting listed on 6th October 2008 and the details is furnished below.Good Luck to all those who got the allotments.
20 Microns Limited
Symbol :20MICRONS
Name of the Company :20 Microns Limited
Series :EQ
ISIN : INE144J01019
Face Value : Rs.10/-
Paid-up Value : Rs.10/-
Issue Price for the current public issue :Rs. 55/-
Security Description : Equity shares of Rs.10/- each fully paid up
No. of securities : 14120419
Distinctive number range : 1 to 14120419
Market lot : 1
Pari Passu : Yes
...
Tracked by: 0 Boarder
sebi introduced ASBA process for right issues and public issues recently but i understand that it is only for big cities and it is introduce to very limited banks so sebi must give proper publicity to encourage the investors to take advantage of new system....
In reply to:
Alkali Metals IPO opens on Oct 7
Posted by : MMB Messenger
Alkali Metals proposes to enter the capital markets on October 7, 2008 with a public issue of 25,50,000 Equity shares of Rs 10 each through 100% book building process. The IPO will close on October 10, 2008. The company has fixed the price band between Rs 90 and Rs 105 per equity share. 
Tracked by: 0 Boarder
Alkali Metals proposes to enter the capital markets on October 7, 2008 with a public issue of 25,50,000 Equity shares of Rs 10 each through 100% book building process. The IPO will close on October 10, 2008. The company has fixed the price band between Rs 90 and Rs 105 per equity share....
Tracked by: 755 Boarders
Ok hope you are lucky there! I dont trade at all nowadays :(...
In reply to:
Its time to prepare shopping list guys !
Posted by : bh2008
hi ramesh, good to hear from u... not many people come on board nowadays so i have also stopped chking everyday... i have been trading quite actively for the past few days.... u are rite the markets don't seem like recovering in the near future... so might as well make the most of where we are!!!!!
Tracked by: 755 Boarders
It seems like the price going below that price! Getting cheaper!...
In reply to:
Its time to prepare shopping list guys !
Posted by : Ritesh_kg
Hi Ramesh !!
Yaa .. it is heading towards there .. but i dont think that it will stablise there ...
Lets C :-)
Tracked by: 755 Boarders
Hi Sandeep,
Any trades from you?? It seems like good days of market are gone for now. Nothing much left now :(...
In reply to:
Its time to prepare shopping list guys !
Posted by : sandeep_arora99
hi ramesh
even i logged on jus today to check ur msgs guys. ya markets still in doldrums
Tracked by: 0 Boarder
Any body knows about ENBEE PLANTATIONS funds status after their issue of PCDS and High Cout decisions....
In reply to:
Mahindra Holidays refiles IPO, may double cap to 1.5K rooms
Posted by : MMB Messenger
Mahindra Holidays has revived efforts for its IPO. It had re-filed its draft offer documents with the Securities and Exchange Board of India, or Sebi, in September. At that time, the company did not go ahead with its offer due to unfavourable market conditions.
Tracked by: 0 Boarder
Any body knows about ENBEE PLANTATIONS funds status after their issue of PCDS and High Cout decisions....
In reply to:
Mahindra Holidays refiles IPO, may double cap to 1.5K rooms
Posted by : MMB Messenger
Mahindra Holidays has revived efforts for its IPO. It had re-filed its draft offer documents with the Securities and Exchange Board of India, or Sebi, in September. At that time, the company did not go ahead with its offer due to unfavourable market conditions.
Tracked by: 0 Boarder
Mahindra Holidays has revived efforts for its IPO. It had re-filed its draft offer documents with the Securities and Exchange Board of India, or Sebi, in September. At that time, the company did not go ahead with its offer due to unfavourable market conditions....
Tracked by: 0 Boarder
Hey guys, any news about refund money from SVPCL ? Its been over a month now since the court ruling and the money is still not returned. If anyone has received their money back, please let me know. ...
Tracked by: 0 Boarder
* MBL Infrastructures seeks Securities and Exchange Board of India nod for
its 5.7-mln share initial public Offering. -
* Gujarat Pipavav Port files draft prospectus with SEBI for IPO to raise 5
bln rupees. -
* BS Transcomm seeks SEBI approval for its 7.7-mln-share issue. -
NW 18 courtesy ...
Tracked by: 755 Boarders
hi dalip, my pf is empty for long time..a good mkt for intra,but no time for that too.. internet access also being monitored in office.. so as of now diverted all my money to real estate.. i log in rarely when i find time.. hv no plans to participate actively in the mkt, till some stability comes in.. (which might be a few years too)...
In reply to:
Its time to prepare shopping list guys !
Posted by :
dalip19
hi bhavana--good to hear that intra is giving profit, in my opinion Bhel and Rpower r good buys for medoum to long term. what do u say? Hi Ritesh/chino/renu come to the board and share something......
Tracked by: 0 Boarder
Most of stocks are trading below IPO price....
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Udayan's Market Outlook
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Gear up for tough morning today | |
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| Udayan Mukherjee, Stocks Editor, TV18 | ||
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