19 stocks have listed in the year 2008, out of which 84% or 16 stocks are below their issue price. Porwal Auto fell 68% at Rs 24.05 as against its issue price of Rs 75, Manaksia closed at Rs 62.55, down 61% from its issue price and Precision Pipes dipped by 58% to Rs 62.85 versus offer price of Rs 150.
Half of the stocks have slumped more than 30%. Amongst the big listings, ADAG’s Reliance Power (collected more than Rs 11,000 crore) and Kishore Biyani’s Future Capital (raised over Rs 450 crore) plummeted nearly 30-31%. Rural Electrification, which raised over Rs 1600 crore, also fell below issue price today.
However, GSS America, Onmobile Global and Burnpur Cement are still above their issue price, gained 50%, 12% and 85%, respectively.
Company | Issue Price | Current Price | % Gain / Loss |
| Porwal Auto | 75 | 24.05 | -67.93 |
| Manaksia | 160 | 62.55 | -60.91 |
| Precision Pipes | 150 | 62.85 | -58.1 |
| Bang Overseas | 207 | 98.7 | -52.32 |
| KNR Construct | 170 | 100 | -41.18 |
| Cords Cable Ind | 135 | 87.35 | -35.3 |
| Shriram EPC | 300 | 202 | -32.67 |
| J Kumar Infra | 110 | 74.15 | -32.59 |
| Future Capital | 765 | 529.4 | -30.8 |
| Reliance Power | 450 | 316.95 | -29.57 |
| BGR Energy | 480 | 351.65 | -26.74 |
| Tulsi Extrusion | 85 | 73 | -14.12 |
| V-Guard Ind | 82 | 71.2 | -13.17 |
| Aries Agro | 130 | 125.75 | -3.27 |
| IRB Infra | 185 | 180.65 | -2.35 |
| Rural Elect Cor | 105 | 104.65 | -0.33 |
| OnMobile Global | 440 | 493.75 | 12.22 |
| GSS America Inf | 400 | 599.3 | 49.82 |
| Burnpur Cement | 12 | 22.2 | 85 |
Source: Moneycontrol.com
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