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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 |