Companies are Afraid of Approaching Public for Raising Money

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If we go by the available statistics and analysis we realise that companies are afraid of approaching public for raising money. The data reveals that following companies had approval for raising money but let that approval lapse in Jan 2012. These companies are :

  • Micromax Mobiles
  • Pride Hotels
  • Betul Oil
  • Tara Jewels

They are worried that issue may struggle to get past subscription parameters Not to forget year 2011 saw more than 25 companies calling off their IPO plans in 2011 owing to the subdued stock markets.

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