2025-05-01 23:13:30
Latest Post
Punjab Chemicals and Crop Protection Limited Q4 FY2024-25 consolidated PAT higher at Rs. 7.05 crores
Orient Green Power Company Ltd Q4 FY25 consolidated loss at Rs. 16.03 crores
The Phosphate Company Ltd Q4 FY2025 net profit at Rs. 2.25 crore
Exide Industries Ltd consolidated Q4FY25 PAT up at Rs. 186.87 crores
Go Fashion India Ltd posts net profit of Rs. 19.89 crores in Q4FY25
IPO News
Is interest on IPOs waning out ? - Demand doesn´t say so, But the listing price does !!
Posted On : 2006-03-11 12:05:35( TIMEZONE : IST )
Is interest on IPOs waning out ? - Demand doesn´t say so, But the listing price does !!
The IPO euphoria is begining to recede as the newly listed stocks of companies that went for IPO recently are trading below the offer price. Gitanjali Gems which listed in the stock markets on Friday (March 10, 2006) closed the day with a discount of more than 14%. The stock closed at Rs.167.6 in BSE against the offer price of Rs.195. A sample of stocks that are trading below the offer price are given below,
| Company Name | Offer Price | CMP (10/03/2006) | %Gain/Loss |
| Nitin Spinners | 21 | 21 | NIL |
| Bank of Baroda | 230 | 223.85 | -2.67 |
| South Indian Bank | 66 | 63.8 | -4.33 |
| Andhra Bank | 90 | 85.8 | -4.67 |
| GVK Power & Infrastructure | 310 | 291 | -6.13 |
| Celebrity Fashions | 180 | 168 | -6.67 |
| Dynemic Products | 35 | 32.5 | -7.2 |
| Sakuma Exports | 50 | 43.5 | -13 |
| K Sera Sera Productions | 68 | 58.75 | -13.6 |
| Gitanjali Gems | 195 | 167.6 | -14.05 |
| Jagran Prakashan | 320 | 273.5 | -14.53 |
| Gujarat State Petronet | 27 | 36 | 33.33 |
| Sunil Hitech Engineers | 100 | 137.5 | 37.5 |
| Bartronics India | 75 | 103.3 | 37.73 |
| Entertainment Network India | 162 | 234 | 44.44 |
| Punj Lloyd | 700 | 1070 | 52.85 |
| INOX Leisure | 120 | 205.5 | 71.25 |
| Sadbhav Engineering | 185 | 325 | 75.67 |
