India's Junk IPO Market : Jaypee Plans to List at Bottom End,Tawalkars manages a 15% premium

I have been writing that the slew of low quality offerings in the Indian market may herald a market high.But this might not be the case with the world leaders pouring money like water throught bailout packages and loan guarantees.So our testotorene fueled markets might  grind higher and higher till all the cumulative problems come to a head. Jaypee Infratech which is a real estate cum road opeartor managed to limp through its book building with just 1.24 times subscription at the very low end of its range , no doubt helped by some friendly institutions . On the other hand “unique” health story Tawalkars managed a 15% premium on listing.Let’s see how they perform in the long run, wheter Tawalkar’s really manages to leverage its “brandname” to grow at fantastic levels.

India Jaypee Infra sets IPO price at lower end – Economic Times

An IPO by Indian road-builder Jaypee Infratech, a unit of construction firm Jaiprakash Associates, raised about $502 million after the deal was priced at the bottom of its indicated range, according to sources with direct knowledge of the matter.
The company priced its offering at 102 rupees per share, against a range of 102 to 117 rupees, the sources said.

Talwalkars Better Value Fitness lists at Rs 148 on NSE – Economic Times

Shares of Talwalkars Better Value Fitness listed at Rs 147.95, premium of 15.58 per cent, against issue price of Rs 128 on the National Stock ExchangeThe Fitness chain operator raised Rs 78 crore from the primary market for setting up of additional Health Clubs and for repayment of unsecured loans.