The Hindu Business Line : Another VIP IPO

This is with reference to "TCS pegs IPO in Rs 775-900 band" (Business Line, July 20): The IPO market has once more attracted high attention on the news of TCS coming to the market with the much-awaited IPO issue, which has been lower priced than the market expectations. With another IPO issue from NTPC around the corner, the IPO market is all set to witness hectic action in the coming days. The SEBI should initiate adequate steps so as to enable the retail investors to get a fair deal, keeping in mind the bad experiences they had with the prestigious ONGC issue.

The TCS and NTPC issues are likely to witness brisk secondary market action with a view to raise enough funds. The overall volatile nature of the secondary market may recede with these issues and a strong come-back of the bull-run is likely.

The retail investors have a good chance to make ideal investments, unlike during the end of the last fiscal, when many issues hit the market in succession, quite detrimental to the interest of the retailers.

C. P. Velayudhan Nair

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