Best Motivational Speaker in India Suresh Mansharamani Get President award after crossed a milestone journey
1995 we thought let’s go for IPO and we had no knowledge of that. We hired a consultant and started working on possibilities. Those days as per SEBIs guidelines if your company is not 3 years old you can’t charge a premium and we had just converted our company from proprietorship to LTD. My advisors advised us that we should go for a small IPO of Rs 1.25cr only to get listed for the time being. Our holding of 70% was put under 3 years lock-in. As luck would have it SEBIs guidelines worked in our favor. All the media gave us very high ratings and quoted as “Premium Issue At Par”. There was no CNBC in those days. Zee was the only private channel and in the IPO section they gave us the top issue of the week. Our issue went over 300 times. Few HNIs applied for more than the whole issue size which got rejected by us and we were sued in Ahmadabad for this. We made the newspaper headlines and Jairam Ramesh was a journalist at DD that time and he interviewed me on business breakfast whic...
Comments
Post a Comment