IPO

The year 2007 was very good for IPOs. Lot of companies came up with IPOs and had good success with the issues doing very well. Most of the IPOs belonged to the real estate and financial firms. DLF set the record for the largest IPO. There are a lot of IPOs lined up for 2008 as well. The major ones in the queue are Future Capital and Reliance Power. Reliance Power is set to break the record set by DLF. I am sure it will also be a very successful issue. The Reliance IPO would have a special discounted price for retail investors. Despite the size of the issue, it is to be seen how much the retail investors finally get. Retail investors usually end up with only 2 to 3% of the market cap.