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10 high profile Ipos other than Paytm who debuted badly on Dalal Street

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10 high profile Ipos other than Paytm who debuted badly on Dalal Street

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Paytm’s initial public offering, India’s largest to date, fell short of expectations on listing day, with the shares closing 27% below the issue price of Rs 2,150.

In 2008, the streets were in a frenzy over Reliance Power’s Rs 10,123 crore IPO. The widely held view among investors was that the shares would be listed at twice the issue price, if not more. A large number of demat accounts were opened by retail investors who believed that it was easy to make money from the IPO. The hype about the Power of trust The IPO was similar to what new age companies are seeing today.

The show was underwritten 72 times, leading many to believe that listing would be at a huge premium due to pent-up demand from investors who got no grants, or far fewer shares than that. what they bid for.

But it didn’t have to be. Stocks opened with a slight premium but immediately dipped after that. The share closed at Rs 372, 17% below its issue price. It has never come close to its issue price in all these years.

In November 2015, Coffee Day Businesses came out with a number of Rs 1,150 crore, which was subscribed 1.81 times. The shares fell more than 17% on the day of the listing.

The IPO of ICICI Securities, valued at Rs 4,017 crore, also received a poor response from investors in April 2018, with the issue registering only 78% subscription the last. day of the tender process. However, including the anchor award, the show received a total of 87.9 percent of the bids.

After the subscription, the company reduced the size of its IPO to Rs 3,500 crore and set the price of the shares at Rs 520 apiece.

Although the flagship investors recovered nearly a third of the shares offered, ICICI Securities recorded a 16% discount and ultimately closed the day 14% below the issue price.

In March of this year, Jewelers Kalyan raised Rs 1,175 crore through an IPO. The issue was subscribed 2.61 times led by retail investors who offered 2.82 times the shares offered. The QIBs portion was subscribed 2.76 times, according to exchange data. However, the company’s shares listed 15% below its issue price and closed more than 13% lower.

Cairn India, Bharti Infratel, ICICI Prudential Life Insurance, Jaypee Infratech and Indiabulls Power are among other worst IPO debuts with size of Rs 1000 crore and above.

Here is a list of the 10 worst mega IPOs of all time.

SNO. BUSINESS OFFERED PRICE (Rs.) ISSUEAMOUNT (Rs.crore) REGISTRATION DATE CLOSE PRICE LIST % LOSS
1 COFFEE DAY COMPANIES LTD. 328.00 1150.00 02-11-2015 270.15 -17.64
2 RELIANCE POWER LTD. 450.00 10,123.20 11-02-2008 372.50 -17.22
3 ICICI SECURITIES LTD. 520.00 3480.12 04-04-2018 445.05 -14.41
4 CAIRN INDIA LTD. 160.00 5 788.79 09-01-2007 137.50 -14.06
5 UTI ASSET MANAGEMENT CO.LTD. 554.00 2,159.88 12-10-2020 476.60 -13.97
6 KALYAN JEWELERS INDIA LTD. 87.00 1,174.82 26-03-2021 75.30 -13.45
7 BHARTI INFRATEL LTD. 220.00 4,172.76 28-12-2012 191.20 -13.09
8 INDIABULLS POWER LTD. 45.00 1,758.15 30-10-2009 39.25 -12.78
9 ICICI PRUDENTIAL LIFE INSURANCE CO.LTD. 334.00 6,056.79 29-09-2016 297.65 -10.88
ten JAYPEE INFRATECH LTD. 102.00 2 257.61 21-05-2010 91.30 -10.49

Data by primedatabase.com

(Edited by : Santosh nair)

First publication: STI

10 high profile Ipos other than Paytm who debuted badly on Dalal Street

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