Wednesday, January 11, 2017

Jet Airways : Unable to take off

One of the most high flying IPO of 2005. Promised a lot, delivered nothing. The IPO was priced at Rs 1100 a share. Even after 11 years of revenue and profitability, the stock is quoting at Rs 387, a discount of 62% to the offer price. The IPO was lead managed by Deutsche Equities India Pvt. Ltd., HSBC Securities and Capital Markets (India) Private Ltd., UBS Securities India Pvt.Ltd., Citigroup Global Markets India Pvt. Ltd., DSP Merrill Lynch Ltd., Kotak Mahindra Capital Company Ltd.

With the kind of competition, regulation we do not think the stock can touch IPO price in the near future.

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