Performance of Newly Listed Shares as on 6th January 2012

These IPO’s were listed during the July September 2011 quarter

Name Date of Listing Issue Price Closing  Price Closing Price % Gain Loss  Change Over Lifetime   Fall from  Fall as % of
6th Jan 12 30th Dec Over Week Issue Price High High in Rs Issue Price
Prakash Constrowell 4th Oct 138.00 223.05 240.30 -7.18 61.63 311.70 -88.65 -64.24
RDB Rasayans 7th Oct 79.00 8.01 8.4 -4.64 -89.86 93.15 -85.14 -107.77
Tijaria Polypipes 14th Oct 60.00 8.27 9.29 -10.98 -86.22 67.80 -59.53 -99.22
Onelife Capital Advisors 17th Oct 110.00 239.15 232.45 2.88 117.41 309.35 -70.20 -63.82
Flexituff International 19th Oct 155.00 259.05 255.85 1.25 67.13 301.95 -42.90 -27.68
Taksheel Solutions 19th Oct 150.00 12.78 13.4 -4.63 -91.48 185.00 -172.22 -114.81
M&B Switchgear 20th Oct 186.00 57.1 62.3 -8.35 -69.30 390.00 -332.90 -178.98
Vaswani Industries 24th Oct 39.20 12.00 10.19 17.76 -69.39 35.40 -23.40 -59.69
Indo – Thai Securities 2nd Nov 74.00 10.50 10.40 0.96 -85.81 99.10 -88.60 * -119.73

* I have received lot of queries about the last column “fall as % from lifetime high” and the fact that it is more than 100%. The fact is that many of these poor fundamental shares have gone up sharply on the day of listing or for a brief period and then have fallen sharply. The base of all issues is the issue price and because a share cannot trade at negative value it can never fall more than 99%.

This column highlights the extent of fall from the lifetime high and depicts the same as a percentage of the issue price.

For example in the case of Birla Medspa the high is Rs 30.70 which is a gain of 307% on the issue price and the share has fallen below the issue price of Rs 10 to now trade at Rs 6.78. This translates into the loss of 239.20% from the lifetime high.

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