PC House IPO.
Thursday, July 22nd, 2010 at
4:27 pm
PC House is one of the Sri Lanka’s leading IT company with dealership in world’s most reputable PC brands & software products in addition to own brand Panora PCs. PC House planed an IPO to raise Rs 629.5 million by issuing 57,233,334 shares at Rs 11.00 per share.
The boards of directors are confident on successfulness of the IPO due to prevailing positive stock market & the declining interest rate environment.
Company has shown positive growth even in difficult times & well positioned to show higher growth in coming years.
Company has shown positive growth even in difficult times & well positioned to show higher growth in coming years.
PC House initial public offer will be open on 5th August 2010 & there is a better chance to be oversubscribed on the same day. You can download PC House IPO application & prospectus using following links.
Application Form.
http://www.cse.lk/270808/pdf/pch_application_form.pdf
http://www.cse.lk/270808/pdf/pch_application_form.pdf
Prospectus
http://www.cse.lk/270808/pdf/pch_prospectus.pdf
http://www.cse.lk/270808/pdf/pch_prospectus.pdf
We (Stock Market Today) are conducting an opinion poll on above IPO to get public idea about this new IPO. You can find the poll widget on the left hand side of this blog. Please select your choice & vote for it. Poll widget will be removed after closure of the said IPO.
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Filed under: Colombo Stock Market • IPO • Sri Lanka
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Some says that, there will be a good market for IPOs this year.
And I personally think, and professionals too says that there will not be a big market rush as ODEL to PCH.
Yeah…
As many professional trading consultants says, This year will be a good start to rehabilitate the stock market (especially for IPOs).
Further, I bet that, there will be a over subscription for PCH IPO like ODEL IPO.
I also don't think PC House will be as good as ODEL. They have been caught on unethical practices in the past.
Found this article from a sinhala paper while I was reading up on PCH.
http://groups.google.com/group/lankabuzz/browse_thread/thread/30692b2fb8861592
Do you think it was false ?
@ Anonymous,
Thank you for mentioning this here. Actually no one will approve unethical practices.
It is old story but this issue should be answered by PC House management itself.
We don’t know it is already resolved or not so I am waiting for clear answer for above from the management of PC House.
Yes Every one thinks with the changes within the country IPO's are a good investment, but not every IPO,
PCH is in the IT sector so what i say to everyone who is thinking of investing at PCH please speak/search around with few IT Professionals then you will really know about PCH.
Just for information i will list few things that you all can dig in and see,
*** PCH BPO as they say has become a flop due to bad management and they are using day wagers to do professional job, and they are well behind the schedule to they will face the consequences shortly.
*** PCH group including GLPL has always failed keep in the qualified professional because after they come in they understand the situation and they leave the place (they have also mentioned this in the prospectus but is a different way)
*** None of the directors are from a IT background so will they be able to change they playoffs this company is doing
*** After acquiring GLPL (Previously Greenwich lanka) has been run by a idiot for few years and it has lost lots of existing clients due to the bad management and malpractices.
*** Just check the PCH Bank OD facilities, they have used all so they need money to do business so then comes the IPO
*** AS a Fact they do TAX frauds
*** As a fact they cheat on Customs
*** Some renowned brands has removed the dealing rights because of their Gray Channel business
*** They have been Blacklisted in lots of Government & Private organizations
*** as per the information i got GLPL have been delaying the salaries of their employees from several months now …..
Please don't take these as facts, take these as hints and search around you will find the information very easily.
– Person with inside Info
Today PCH went down the Issue price of 11/=, very first day in the 2ndary market.
Yes. This is the only IPO in recent past that dipped below the issue price on opening day. Wonder how it was oversubscribed.
I knew this would happen ….. PC House got away with the money , poor people lost theirs …..
And just for the record – they have included false facts in their Prospectus as well,
** GLPL does not have all the Quality/Process Certification which they have mentioned in (Ref-Page 43)
there are few more like this