EPS Waste Water Treatment Group | Business Structure

EPS Waste Water Treatment Group | Business Structure Table of Contents (Jump to) Introduction EPS History of EPS Awards EPS Group Achieved 2013 EPS are to represent Ireland at European Business Awards Corporate Social Responsibility Departments of EPS Finance Department General Accounts Wages and Payroll Sales Marketing Advertising Sales Customer Service Human Resource Hiring Dismissal Disciplinary Actions Training Research Purchasing Department Purchasing Materials Evaluating Price Paperwork and Accounting Bibliography Introduction to EPS The organisation I have chosen is EPS Waste Water Treatment Group. EPS Group is a Pumping Treatment System Ltd. EPS is a specialist wet infrastructure support services group of companies operating across the Republic of Ireland and the UK, one of the few genuine end –to-end service providers in the global water sector. The head office of EPS is based in Mallow, Co: Cork. They also have many more branches. Ballyhaunis , Co:Mayo Mountrath, Co: Laois Naas, Co: Kildare Northern Ireland Over the years EPS has grown from a modest electrical and pumping service business into an innovative, internationally exporting product and service provider, now EPS is focused upon the water, wastewater and clean technology sectors. EPS Group provides services to municipal, industrial, commercial, agriculture and domestic clients and currently export to over 30 different countries worldwide. EPS has an annual turnover of â‚ ¬70 million and a dedicated workforce of approximately 360 people including their own design and project delivery team of process, mechanical, electrical, civil and chemical engineers. EPS are Ireland’s largest, privately owned Design – Build – Operate (DBO) partner for the delivery and operation of water and wastewater assets. There current long-term operational covers over 200 treatment assets serving a population close to 1 million. EPS have held contracts with all 34 municipalities in the Republic of Ireland. Since entering the UK market EPS have been appointed to 11 frameworks with UK companies. EPS provided a widespread of services and products to the Wet Infrastructure sector. They are one of Europe’s largest pump resellers. Design-Build-Operate of private water and wastewater treatment facilities. Energy management services improving the operation of treatment facilities. EPS have a wide range of loyal customers, covering many sectors and sub-markets. History of EPS In 1968 Kanturk Electrical and Farm Services Ltd, was founded 45 years ago by Gerald Buckley in Kanturk, Co: Cork. 1973 – Electrical Pump Services ltd was founded through expansion in Mallow, Co: Cork. Both Paddy Buckley and Betty O’Connor were on board to support the development of the business. Also the same year Galway opened its branch to support activities in the West of Ireland. 1978- Liam Sheahan joined them as Financial Director. 1984- Opened new branch in Ballyhaunuis Co: Mayo. 1997- New distribution / Warehouse / Service / Repair centre in Mallow, Co: Cork 1998 – Acquisition of Aquapure, UK, Significant expansion into industrial wastewater treatment resulting in projects in England, Cyprus, Bahain, Libya, Saudi Arabia, Scotland and Wales. 1995 The first major National Development Plan in Ireland was implemented. 2000 – EPS renewed the National Development Plan. 2002 – EPS Bison established itself as a significant Irish player in this sector, providing solutions to in excess of 30,000 Irish homes. 2003 – EPS secured Dundalk Drogheda a 20 year contract. 2007 – EPS opened a new 2000m sq. in Mallow to support the on-going development of the business. Awards EPS Group Achieved 2013 EPS are to represent Ireland at European Business Awards EPS will represent Ireland as National Champion in the 2013/2014 European Business Awards Programme under the Environmental and Corporate Social Responsibility Category. 2012 EPS wins Energy Efficiency Award EPS won a major award for energy efficiency at the annual Sustainable Energy Authority of Ireland (SEAI) Awards 2012 EPS won the Green Energy Award for 2012 The successful EPS entry was the innovative Bio-crack sludge. 2011 Recognition for EPS by IOSH for health and safety EPS achieved the ultimate A Grade in Safe T certification. 2011 Sustainable Energy Awards 2011 (SEAI) Categories include:- Category C – Energy Efficiency Award – major Users â‚ ¬350,000 annual spend Category I – Sustainable Energy Innovation Award 2011 Anglian Water – â€Å"We love what you do† Awards EPS was shortlisted fort his award 2011 Achilles Audit Success EPS received a scoring of 100% in its Health Safety, Environment and Quality Audit 2011 EPS to represent Ireland in European Business Awards 2011 Green Innovation Awards EPS shortlisted for the Green Awards 2011 2009 Safe – T-Cert Received from Construction Industry Federation Ireland 2008 Mallow Business Awards Received Award for Largest Company of the Year 2003 CEEQUAL Civil Engineering Environmental Assessment and Awards Scheme Project Corporate Social Responsibility The EPS Group is committed to work ethically and to contribute to the economic development and quality of life improvement of all their employees, their families and the local communities in which they operate. Every year EPS participates in numerous fundraising and charity activities and awareness events. They do this in a number of different ways, including: Direct financial contributions/support Support for employees and management in their efforts and activities with various community groups Provision of secretarial, photocopying and campaign material for local community organisations Direct financial contributions to national and international charity groups The current community groups that are supported from EPS are: Local National GAA Clubs Rugby Clubs MS and Water Aid Hospice Movement St Vincent De Paul AADI – Autism Assist Dogs Ireland Jack Jill Foundation Enable Ireland Special Olympics Ireland St Joseph’s Foundation The Kambuie Project The Eoin Cronin Fund Departments of EPS There are 4 main departments within EPS Company. Finance Department Sales Marketing Human Resources Purchasing Department Finance Department One of the most important departments in EPS is the Finance department. The functions within the finance departments include: General Accounts The role expected from general accounts office is responsible for the preparation of quarterly and end of year finance and management accounts. This department also handles the bookkeeping and keeps records of the money coming in and going out of the business. This also includes chasing up on late payments and paying for items purchased, handling invoices, monitoring budgets. EPS finance staff assists in providing the information for their annual audit every year. Wages and Payroll In EPS and other company’s payroll is the figure of all financial records or salaries for an employee, paying staff salaries /wages, bonuses and deductions. Sales Marketing In Sales and Marketing the duties include selling and promoting organisations goods or services, the roles of sales and marketing are: Advertising, Sales and Customer service. Advertising EPS need to market their products and services to continuously attract customers. A major part of marketing is designing, updating and promoting the EPS website. Sales A Sales department has several functions in EPS. The sales people are trained in knowledge of the goods and how to sell these products. The salesmen will then try and persuade the customer to purchase the product that is manufactured through marketing research. In EPS the salesmen are given a target each year – therefore they have to reach their goal to try and achieve it. Customer Service One of the roles of an EPS customer service representative is to interact with EPS customers to provide them with information to address enquires regarding products and services. They deal with and help customers resolve any customer problems; this is usually done via a telephone call. Human Resources The human resource department is responsible for the provision of the full range of HR. The functions of HR include: Hiring Dismissal, Disciplinary Actions, and Training Research. Hiring Dismissal When hiring employee’s in EPS they handle each hiring the same way. They will be given a 3-6 month contract; if the probation period is satisfactory to their employer this will result in their contract being extended until further notice. They also handle hiring the same way; if an employee is not performing up to standard then they will terminate that employee. Disciplinary Actions As with most large companies EPS have a policy around issues such as dealing with discrimination, harassment, violence, drug and alcohol use within the workplace. Help is given to employees that need it. Training Training is provided to EPS employees with support and guidance this is to help them develop their skills, knowledge and to motivate them to carry out work-related tasks within the company (EPS). These trainers will help with on-going, long term progress of employee’s skills and enable them to achieve their potential. Research EPS will research the needs of the customers and then develop the product that’s required. They also ensure the continuing productive capacity within the company. The company develops product prototype prior to the final launch of end product. Purchasing Department Most major companies have a purchasing department as part of everyday operations. EPS are one of the companies that provide a service that is the backbone of manufacturing and retail. Purchasing Materials One of the roles of the purchasing department is to buy all necessary raw materials that are required for production. In EPS the purchasing department makes sure there are always sufficient raw materials in the warehouse to keep the customers happy and keep the store well-stocked at all times. Evaluating Price A purchasing department is also charged with continuously evaluating whether it is receiving these materials at the best possible price in order to maximise profitability. This may affect small businesses that may purchase fewer quantities and may not receive the same type of bulk discounts. A purchasing department in a small business will need to shop around to find the best vendor at the most reasonable price. Paperwork and Accounting Purchasing department handle all paperwork involved with purchasing and delivery of supplies and materials. Purchasing ensures timely delivery of materials from vendors and can track all purchase orders. Bibliography http://www.epswater.ie/ http://www.epswater.ie/news-articles-eps-group/bison-joins-forces-with-conder-and-premier-tech.2746.html http://www.epswater.ie/news-articles-eps-group.26.5.html http://businesscasestudies.co.uk/business-theory/finance/aims-of-finance-department.html#axzz2nixFNaAy http://en.wikipedia.org/wiki/Purchasing http://www.epswater.ie/sustainability/awards.214.html Valerie Callaghan O’Shea

Internet in Schools :: essays research papers

Internet in Schools Everything revolves around the internet these days. Every business, big or small has a internet website for you to visit. Let’s face it, the internet is not going away, we as a people must learn to use this tool and not think of it as a negative thing. The internet must be used positively to benefit us. We can find anything we want through the internet. The internet can be abused but we must educate our children so they can use it effectively to their advantage. We definitely need to make most schools have the internet in classrooms, there is no doubt about it. Internet needs to be in the classrooms of schools in the new millennium. If you can’t get on and surf the internet by yourself then you are looked down upon. The internet is the new big thing, it’s technology at it’s best. That’s why we must keep our students in schools educated and updated with it, the internet has endless possibilities. Students would never run out of information for their reports in school, they can either go to the library and look for the information they need and hope that the book they need is not checked out, which could take up to a couple of hours. While on the internet you can find the information in the matter of minutes. Many books are outdated and you would be lucky to check one out if everybody in the class is doing the same report! The internet keeps up with current information coming in every day of the week. I don’t think students abusing their time on the internet is a problem, I think we need teachers or someone to monitor where they are going on the internet. There are programs advisors can download that can block out any material not suitable for students at schools. The world is at your fingertips with the internet, you can do anything imaginable. It is the schools duty to have the internet, forget the library, I’m sure students would agree with me that using the internet would be much easier to find the information you are looking for than the library. If you don’t know how to use the internet then you are missing out, anything you want is on there. The internet alone could be a career, there are online businesses that make just as much money as jobs outside your home.

Quantitative Analysis for Managerial Applications

ASSIGNMENTS Course Code:MS 08 Course Title:Quantitative Analysis for Managerial Applications Assignment No. :MS-08/TMA/SEM-I/2013 Coverage:All Blocks Note : Attempt all the questions and submit this assignment on or before 30th April, 2013 to the coordinator of your study center. 1. A sum of `8550 is to be paid in 15 installments where each installment is `10 more than the previous installment. Find the first installment and the last installment. Let x = the first payment. The sequence of 15 payments is (1) x, x+10, x+20, x+30, †¦ , x+140 The sum of these 15 payments is 2) 15x + 10*(14*15/2) or (3) 15x + 1050 Now set (3) equal to the total sum to be made and get (4) 15x + 1050 = 8550 or (5) 15x = 7500 or (6) x = 500 The last payment in (1) is x + 140 or (7) 15th = 640 Answer: The first payment is $500 and the last payment is $640. I'll leave it to you to add up the sequence of (1) to â€Å"prove† that our answer is right. LOL 2. A salesman is known to sell a product in 3 out of 5 attempts. While another salesman in 2 out of 5 attempts. Find the probability that a. No sales will happen b. Either of them will succeed in selling the productLet A be the event that the first salesman will sell the product and B be the event that the second salesman will sell the product. Given (1) Probability that no sales will happen = P(A') ? P(B') (2) Probability that either of the salesman will succeed in selling the product = P(A') ? P(B) + P(A) ? P(B') 3. A hundred squash balls are tested by dropping from a height of 100 inches and measuring the height of the bounce. A ball is â€Å"fast† if it rises above 32 inches. The average height of bounce was 30 inches and the standard deviation was ? inches. What is the chance of getting a â€Å"fast† standard ball? T otal no. of observations N = 100 Mean,? 30inches Standard deviation, ? =3/4 inches=0. 75 inches Suppose ‘x' is the normal variable=32 inches 4. Explain the chi-square testing- (i) as a test for independence of attributes, and (ii) as a test for goodness of fit. About the Chi-Square Test Generally speaking, the chi-square test is a statistical test used to examine differences with categorical variables. There are a number of features of the social world we characterize through categorical variables – religion, political preference, etc. To examine hypotheses using such variables, use the chi-square test. The chi-square test is used in two similar but distinct circumstances: a. or estimating how closely an observed distribution matches an expected distribution – we'll refer to this as the goodness-of-fit test b. for estimating whether two random variables are independent. The Goodness-of-Fit Test One of the more interesting goodness-of-fit applications of the chi-square test is to examine issues of fairness and cheating in games of chance, such as cards, dice, and roulette. Since such games usually involve wagering, there is significant incentive for peopl e to try to rig the games and allegations of missing cards, â€Å"loaded† dice, and â€Å"sticky† roulette wheels are all too common.So how can the goodness-of-fit test be used to examine cheating in gambling? It is easier to describe the process through an example. Take the example of dice. Most dice used in wagering have six sides, with each side having a value of one, two, three, four, five, or six. If the die being used is fair, then the chance of any particular number coming up is the same: 1 in 6. However, if the die is loaded, then certain numbers will have a greater likelihood of appearing, while others will have a lower likelihood. One night at the Tunisian Nights Casino, renowned gambler Jeremy Turner (a. k. a.The Missouri Master) is having a fantastic night at the craps table. In two hours of playing, he's racked up $30,000 in winnings and is showing no sign of stopping. Crowds are gathering around him to watch his streak – and The Missouri Master is telling anyone within earshot that his good luck is due to the fact that he's using the casino's lucky pair of â€Å"bruiser dice,† so named because one is black and the other blue. Unbeknownst to Turner, however, a casino statistician has been quietly watching his rolls and marking down the values of each roll, noting the values of the black and blue dice separately.After 60 rolls, the statistician has become convinced that the blue die is loaded. Value on Blue DieObserved FrequencyExpected Frequency 11610 2510 3910 4710 5610 61710 Total6060 At first glance, this table would appear to be strong evidence that the blue die was, indeed, loaded. There are more 1's and 6's than expected, and fewer than the other numbers. However, it's possible that such differences occurred by chance. The chi-square statistic can be used to estimate the likelihood that the values observed on the blue die occurred by chance. The key idea of the chi-square test is a comparison of observed and expec ted values.How many of something were expected and how many were observed in some process? In this case, we would expect 10 of each number to have appeared and we observed those values in the left column. With these sets of figures, we calculate the chi-square statistic as follows: Using this formula with the values in the table above gives us a value of 13. 6. Lastly, to determine the significance level we need to know the â€Å"degrees of freedom. † In the case of the chi-square goodness-of-fit test, the number of degrees of freedom is equal to the number of terms used in calculating chi-square minus one.There were six terms in the chi-square for this problem – therefore, the number of degrees of freedom is five. We then compare the value calculated in the formula above to a standard set of tables. The value returned from the table is 1. 8%. We interpret this as meaning that if the die was fair (or not loaded), then the chance of getting a ? 2 statistic as large or l arger than the one calculated above is only 1. 8%. In other words, there's only a very slim chance that these rolls came from a fair die. The Missouri Master is in serious trouble. Testing IndependenceThe other primary use of the chi-square test is to examine whether two variables are independent or not. What does it mean to be independent, in this sense? It means that the two factors are not related. Typically in social science research, we're interested in finding factors that are related – education and income, occupation and prestige, age and voting behavior. In this case, the chi-square can be used to assess whether two variables are independent or not. More generally, we say that variable Y is â€Å"not correlated with† or â€Å"independent of† the variable X if more of one is not associated with more of another.If two categorical variables are correlated their values tend to move together, either in the same direction or in the opposite. Example Return to the example discussed at the introduction to chi-square, in which we want to know whether boys or girls get into trouble more often in school. Below is the table documenting the percentage of boys and girls who got into trouble in school: Got in TroubleNo TroubleTotal Boys4671117 Girls3783120 Total83154237 To examine statistically whether boys got in trouble in school more often, we need to frame the question in terms of hypotheses.

Why Do You Want An Internship With Fice Of Sustainability

Why do you want an internship with the Office of Sustainability?* Interning for the Office of Energy and Sustainability (OES) would be an unforgettable and advantageous opportunity for me. Studying sustainable biomaterials and becoming an intern with OES will allow me to reach my future career aspirations. These goals include finding safe and responsible methods for developing our domestic energy resources, cleaner ways of mitigating of greenhouse gasses and toxic air pollutants, and promoting sustainability and environmental stewardship through policy and law. The Office of Energy and Sustainability would give me the exposure I require to excel in this field. Often times we are told that in order to be successful in a professional career path, we need the adequate experience. I firmly believe the OES could give me this much-needed experience. The Office of Energy and Sustainability offers several programs and events that motivate me to become an intern. I have participated in events, such as Sustainability Week, hosted by the OES. Events such as these have allowed me to reflect on what it means to be sustainable. These reflections gave me the drive to apply for this internship because I want to teach others about the importance of sustainability and green living. The work the OES does in terms of outreach has also inclined me to become part of a group that strives to make positive change on the Virginia Tech Campus. Why would you like toShow MoreRelated65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 PagesBoston area. The Foundation to date has awarded over $850,000 in grants to forty organizations that pursue initiatives in education and literacy. The views and opinions expressed in this book do not necessarily reflect those of Harvard Business School, and the references to the school throughout the book do not mean that the school endorses these views or opinions. ix Acknowledgments A huge credit is owed to five contributors from the Class of 2008 and Class of 2009 who helped source the content

A Comprehensive Market Analysis Free Essay Example, 4250 words

The processes required for the productions and service is mainly divided into three phases. The preparation of mixtures, baking or freezing and retailing or serving consists of the entire operation process. The raw material ordering, storing and issuing will need to be handled separately. Quality Control aspect has to remain one of the key concerns of the operation process. The production and service will operate as two separate processes where production side will be headed by the founder while the retail and service section will be handled by Susan Schucroft, the managing partner of the proposed venture. SW D will partner up with local dairy and fruit farmers to get fresh ingredients needed for the entire product range. Special ingredients such as emulsifiers and provers will be imported directly from Europe. Neil Schucroft and Susan Schucroft will act as managing partners with responsibilities of production operations and the service operations divided between them. Neil has expe rience in desserts and ice creams along with a Diploma in Culinary Arts, specializing in European cuisine from Schiller University Switzerland. This is one of the most prestigious of hospitality schools in Europe which combines up to 60% study time with apprenticeships in top European restaurants and hotels for the students. We will write a custom essay sample on A Comprehensive Market Analysis or any topic specifically for you Only $17.96 $11.86/page As the operation grows in capacity, this staff strength will be increased to meet the manpower needs. Susan Schucroft is a well experienced retail floor manager at Wal-Mart currently but has previous experience in the food service industry, having worked at a number of Hagen Dass outlets in the capacity of a crew member and getting promoted to regional stores manager, during their stay in Europe.

Designing And Inventing New Technologies Essay - 1619 Words

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Impact of ipo/fpo’s performance in indian capital market free essay sample

Financial capital is one of the most important components of a business. The need for financial capital grows with a growth in the business. At a certain stage, it becomes imperative to raise a large amount of financial capital to expand and sustain the business, and at an affordable cost to the company. An IPO – an acronym for Initial Public Offer – is one of the most popular methods of raising money from the general public and investors. IPO DEFINITION An initial public offer, as the name indicates, is the first (initial) instance of a company (called the issuer) offering its commons stock (or shares) to the general public for subscription. It is a common misconception that only newly formed companies resort to raising money through an IPO. Even long established private companies can access the IPO route to raise capital, and become publicly traded companies as a result. An IPO is considered as a â€Å"rite of passage† into the big league of publicly traded stocks. Any company that needs to be listed on a stock exchange has to offer its shares to the public. In addition to IPO, an already listed and publicly traded company may issue an FPO Follow on Public Offer – to raise further capital for the company.  the two. METHOD OF PRICING OF IPO/FPO IN INDIA There are various ways to price the stocks but what is commonly used now is a process called book building. It is basically a capital issuance process used in an Initial Public Offer which aids price and demand discovery. It is also a process used for marketing a public offer of equity shares of a company. During the period for which the book for the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer/issue price is then determined by the issuing company after the bid closing date based on the various bids that have been collected. LITERATURE REVIEW S S S Kumar , a study on â€Å"Short and Long-run Performance of Bookbuilt IPOs in India†,â€Å"International Journal of Management Practices Contemporary Thoughts†,year 2007 â€Å"One of the important reforms Indian markets witnessed in the recent past is the introduction of issuing shares through the book building process which aims at efficient price discovery. The paper attempts to see how the IPOs issued through book building process fare both in short-run as well as in long run. Results indicate that the IPOs are under-priced as is evidenced by the positive listing day returns and are out performing the market in the subsequent months almost up to twenty four months. However, after two years of listing they generate negative returns. This finding is consistent with the /PO performance literature from the other countries but is in contrast with the first long run study on 1POs in the long run in India. Vijaya B Marisetty2 (Department of Accounting and Finance Monash University ) and Marti G Subrahmanyam (Stern School of Business ,New York University ),† â€Å"Group Affiliation and the Performance of Initial Public Offerings in the Indian Stock Market †, Journal of Financial Markets , October 2008 . â€Å"This paper document the effects of group affiliation on the initial performance of 2,713 Initial Public Offerings (IPOs) in India under three regulatory regimes during the period 1990-2004. This document distinguishes between two competing hypotheses regarding group affiliation: the â€Å"certification† and the â€Å"tunneling† hypotheses. they lend support to the latter by showing that the underpricing of business group companies is higher than that of stand-alone companies. Furthermore, they find that the long run performance of IPOs, in general, is negative. We also find that Indian investors over-react to IPOs and their over-reaction (proxied by the oversubscription rate) explains the extent of underpricing†. Arun Kumar Gopalaswamy, Kartikeya Chaturvedi, N. Sriram, (2008) Long run post issue performance of fixed price and book built IPOs: an empirical study on Indian markets, Journal of Advances in Management Research, Vol. 5 Iss: 2, pp. 64 – 76 Sehgal, Shikha Singh, Balwinder, â€Å"Determinants of initial and long-run performance of IPOs in Indian stock market†. Asia-Pacific Business Review Journal, Oct-Dec, 2008, Source Volume: 4 Source Issue: 4 â€Å"The paper investigates the possible determinants of  underpricing and the long-run performance of 438 Indian initial public offerings (IPOs) listed on the Bombay Stock Exchange during June 1992March 2001. The mean underpricing has been found to be 99. 20 per cent, which is very high if compared with the international evidence. Age of the firm, listing delay at IPO and number of times the issue is subscribed have been found to be the important determinants of underpricing. Indian IPOs do not tend to underperform in the long-run and underpricing has been primarily found to explain the long-run performance. The study, thus provides evidence of overreaction hypothesis. † Seshadev Sahoo and Prabina Rajib, â€Å"After Market Pricing Performance of Initial Public Offerings (IPOs)†: journal vikalpa , volume 35 , no 4 †¢ october december 2010 â€Å"This paper is motivated by the apparent belief that IPOs are underpriced on the initial listing day and thereafter underperforms compared to the market benchmark. While evaluation of the listing day performance seems straightforward on surface, it actually invokes several complications for the subsequent performance measurement. This paper focuses on the evaluation of price performance of IPOs up to a period of 36 months including the listing day. It also examines the usefulness of IPO characteristics at the time of issue to seek an explanation for the post-issue price performance. Arwah Arjun Madan (Lecturer, St. Mira’s College for Girls, Pune Research Scholar, nia, pune)a study on â€Å"investments in ipos in the indian capital market†,journal Bimaquest Vol. III Issue 1, January 2003 â€Å"This paper aims (1) To look at the behaviour of IPOs in the primary capital market in the pre and post Liberalization Era: (a) extent of underpricing during the CCI SEBI times and (b) the influence on returns considering various factors such as Issue Size, Age, Foreign Equity, Issue Rating, and Issued Capital.(2) To assess the long-run performance of IPOs for a period of five years after listing Performance of IPO vis-a-vis Stock Index Industry Index RATIONALE OF STUDY It is a well documented fact that IPOs tend to be generally under-priced, though some issues tend to be overpriced. From the viewpoint of financial research, IPO under-pricing in the sense of abnormal short-term returns on IPOs has been found in nearly every country in the world. This suggests that IPO under-pricing may be the outcome of basic problems of information and uncertainty in the IPO process, and is unlikely to be a figment of institutional peculiarities of any one market. There have also been various studies made to suggest the reasons for such underpricing. From the investors’ point of view, this under-pricing appear to provide the sure and quick profit that most dream about. Though first day return could vary, few of the issues tend to provide a very high return over the first day. RECENT VIEW OF SEBI(OVERPRICING OF IPO) (SOURCE- THE ECONOMIC TIMES, 1 MAY 2011) With an aim to rein in cases of over-pricing and over-hyping of IPOs by merchant bankers, market watchdog Sebi wants them to tell the investors about their past record in handling the public offers and also keep the prices at realistic levels. SEBI has expressed its displeasure in very clear terms to the merchant bankers over the cases where IPOs have been priced in such a manner that there is little left on table for the public investors in terms of potential returns, a senior official said. At the same time, the regulator is also not happy with the hard-selling of these overpriced IPOs to the retail investors in a manner that good returns are assured from investment in such share sales, even if the pricing is beyond rational levels, he added. As a remedial measure, SEBI wants the merchant bankers to prominently disclose to the investors their track records, which would comprise of the performance of shares vis-a-vis the price in the IPOs managed by them.