| Name | Date of listing | Issue Price | closing price | closing price | % gain loss | change over |
| 29th Oct | 22nd Oct | over week | lssue price | |||
| Indosolar | 29th Sept | 29.00 | 24.25 | 23.30 | 4.08 | -16.38 |
| Tirupati Inks | 1st Oct | 43.00 | 17.70 | 19.95 | -11.28 | -58.84 |
| Microsec Financial | 5th Oct | 118.00 | 81.40 | 89.10 | -8.64 | -31.02 |
| Career Point | 6th Oct | 310.00 | 470.80 | 494.40 | -4.77 | 51.87 |
| Eros International Media | 6th Oct | 175.00 | 181.70 | 183.65 | -1.06 | 3.83 |
| Ramky Infrastructure | 8th Oct | 450.00 | 362.95 | 356.25 | 1.88 | -19.34 |
| Electrosteel Steels | 8th Oct | 11.00 | 10.85 | 10.75 | 0.93 | -1.36 |
| Orient Green Power | 8th Oct | 47.00 | 39.70 | 41.65 | -4.68 | -15.53 |
| Gallant Ispat | 11th Oct | 50.00 | 52.75 | 52.95 | -0.38 | 5.50 |
| Cantabil Retail India | 12th Oct | 135.00 | 76.35 | 92.55 | -17.50 | -43.44 |
| Tecpro Systems | 12th Oct | 355.00 | 385.40 | 392.70 | -1.86 | 8.56 |
| VA Tech Wabag | 13th Oct | 1310.00 | 1624.60 | 1688.45 | -3.78 | 24.02 |
| Bedmutha Industries | 14th Oct | 102.00 | 181.75 | 226.85 | -19.88 | 78.19 |
| Ashoka Buildcon | 14th Oct | 324.00 | 313.05 | 314.60 | -0.49 | -3.38 |
| Sea Tv Network | 14th Oct | 100.00 | 84.90 | 96.95 | -12.43 | -15.10 |
| CEBBCO | 18th Oct | 127.00 | 106.70 | 117.75 | -9.38 | -15.98 |
| Oberoi Realty | 20th Oct | 260.00 | 277.15 | 295.40 | -6.18 | 6.60 |
| Gyscoal Alloys | 27th Oct | 71.00 | 77.90 | N A | 9.72 | 9.72 |
| BS Transcomm | 27th Oct | 248.00 | 383.80 | N A | 54.76 | 54.76 |
| Prestige Estates Projects | 27th Oct | 183.00 | 198.30 | N A | 8.36 | 8.36 |
Performance of Newly Listed Shares 29th October 2010
October 30th, 2010
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BS Transcomm IPO: Flat start and a spectacular finish
October 28th, 2010
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BS Transcomm Limited which had tapped the capital markets with an IPO for 77 lakh shares listed yesterday and had a great start. The share opened on the BSE at Rs 251 and on the NSE at Rs 257. The highs were Rs 399 on the BSE and Rs 398.40 on the NSE. The lows were Rs 247.80 on the BSE and Rs 239 on the NSE. The high of the share was a gain of Rs 150 or 60%. This was a spectacular performance by all standards.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 251.00 | 399.00 | 247.80 | 378.50 | 130.50 | 52.62 | 323.68 | 22935966 | 1378092 | 6.01 |
| NSE | 257.00 | 398.40 | 239.00 | 381.25 | 133.25 | 53.73 | 326.18 | 30016180 | 1529552 | 5.10 |
| Total | 52952146 | 2907644 | 5.49 |
The issue had received lukewarm response and was just about subscribed at 1.10 times. This website had recommended subscription to the issue based on the fundamentals. The performance has vindicated the stand and future quarterly results will indicate the strength of the same.
The total traded volume on the exchange was 529.52 lakhs which was 6.87 times the IPO size of 77 lakh shares. The total delivery volume was 29.07 lakh shares or 5.49% of the traded volume. As a percentage of the IPO size, the delivery percentage was 37.76% which is lower than the normal average.
The weighted average of the share was between Rs 323-326 which is significantly lower than the closing price of Rs 380. If one even sold at the weighted average price the profit per share would have been Rs 75 per share or 30% and allotment to retail investors was 100%. There was no institutional activity in the share and today’s price movement could be crucial for the share going forward.
Great debut for BS Transcomm.
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Prestige Estates IPO Listing Day Steady Start: Late selling
October 28th, 2010
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Closes with gain of 5%
Prestige Estates Projects Limited which had tapped the capital markets with its IPO to raise Rs 1200 crs listed on the bourses yesterday. The share listed at Rs 190 each on both the BSE and NSE. The high was Rs 209 on the BSE and Rs 208.80 on the NSE. The low was Rs 188.15 on the BSE and Rs 188.35 on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % gain | Wt Avg | Volume | Delivery | Del % age |
| BSE | 190.00 | 209.00 | 188.15 | 192.55 | 9.55 | 5.22 | 199.08 | 15573821 | 4530321 | 29.09 |
| NSE | 190.00 | 208.80 | 188.35 | 193.15 | 10.15 | 5.55 | 199.32 | 24480607 | 8415602 | 34.38 |
| Total | 40054428 | 12945923 | 32.32 |
The share had a steady start and then began its upward climb in a slow and steady manner. The share peaked at midday at around roughly 12.30 pm and thereafter it was a gradual fall with a sharp one in the last one hour. The low of the day was made in the last hour. From the chart pattern one would observe that the share has made an inverted saucer or umbrella like pattern which indicates that the stock was distributed in a planned manner.
The total traded volume on the stock was a shade over 400 lakhs which was 61% of the issue size of 655.73 lakh shares. The delivery volume was 129.46 lakh shares, which as a percentage of the traded volume was significant at 32.32% but as a percentage of IPO size was 19.74%. The weighted average of the day was slightly higher than Rs 199 while the closing price was Rs 192.55 on the BSE and Rs 193.15 on the NSE, indicating substantial selling pressure at the end of the day.
The issue had received poor response from the HNI and retail categories and remained unsubscribed in that segment. The overall subscription was 2.26 times. The issue has given a return to investors on day one and based on the weighted average of Rs 199, the same is of Rs 16 or about 8.7%.
On the institutional front there was activity where Oppenheimer Developing Market Fund bought 40 lakh shares. On the sell side Morgan Stanley sold 32.08 lakh shares and Swiss Finance Corporation sold 16.57 lakh shares. The net effect was that against a purchase of 40 lakhs there is a sale of 48.66 lakh shares implying a net sale of 8.66 lakh shares, insignificant considering the size of issue of 655 lakhs.
All in all a decent listing where investors have made gains. Going forward the share appeared to be under pressure and could weaken today.
