@rasika5 wrote:@manula wrote:@K.Haputantri wrote:Those who sell below IPO price must be the ones who bought @ lesser price at pre-ipo private placement. We cautioned members on this in time. Hence, many escaped slaughter happenning right now. SEC was boasting on regulations to stop this dirty game but nothing happens. Butchers have their day-analina day!!!@UKboy wrote:Whoever bought ALHP @ the IPO and sold it below 12 should leave the market immediately.
You should have given a "balu Kaputu danaya" rather buying Anilana shares @ IPO.
Why on earth all these seller filled many forms few weeks ago? I simply cannot understand.
BTW I have no Anilana share & never wanted to buy any.
Yes.. this may be correct.. I can re-member one broker hut did same thing before Softlogic IPO..
Thnx to the forum i guess many were saved. Sec should regulate pre ipo placements for eg: not allowing to sell their placement stakes till one year or so.That way private placements as well as ipo subscribers will look at the real value of share before jumping into it.
All shares issued by way of a private placement or those of the promoters are locked in for at least 9-months after the IPO as per cse regulation…http://www.cse.lk/pdf/sec_directives/02-03-2012-SEC-Diverctive.pdf
And its clearly given in the prospectus,,,
So whoever sold shares lower must be those bought at Rs.12 at IPO