Secondary market fall impacts primary market as well

Recent stock market crash had impacted the Primary capital market. IPO subscription rate has fell down to a great extent. More over companies now reducing price band and offering the issues at a lower Price Earning multiples to making the issue more attractive and expecting a decent response from the public like Wockhardt Hospitals today reduced the IPO price band to Rs 225-260 per share from the earlier announced level of Rs 280-310 per share. The issue opens on Thursday and closes on February 5. Also many companies are trying to postponing their IPOs by a month or two to see the sentiments of the investors towards the Capital Market.