| Name | Date of listing | Issue Price | closing price | closing price | % gain loss | % change over |
| 04th August | 28th July | over week | lssue price | |||
| PSP Projects Limited | 29th May | 210.00 | 308.50 | 302.55 | 2.83 | 46.90 |
| india Grid | 06th June | 100.00 | 95.50 | 97.03 | -1.53 | -4.50 |
| Tejas Networks Limited | 27th June | 257.00 | 330.00 | 333.35 | -1.30 | 28.40 |
| Eris Lifesciences Limted | 29th June | 603.00 | 525.75 | 609.45 | -13.88 | -12.81 |
| CDSL | 30th June | 149.00 | 304.55 | 373.55 | -46.31 | 104.40 |
| GTPL Hathway Limited | 4th July | 170.00 | 141.90 | 156.35 | -8.50 | -16.53 |
| AU Small Finance Bank Limited | 10th July | 358.00 | 541.40 | 587.85 | -12.97 | 51.23 |
| SIS (India) Limited | 10th August | 815.00 | 770.40 | NA | -5.47 | -5.47 |
| Cochin Shipyard Limited | 11th August | 432.00 | 522.00 | NA | 20.83 | 20.83 |
Performance of Newly Listed Shares as on 11th August 2017
August 14th, 2017
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Markets to be super volatile after decent correction
August 14th, 2017
Comments Off on Markets to be super volatile after decent correction
The markets went into a correction mode last week and were helped along the way by a SEBI induced circular which banned 332 companies from trading. While by weekend a handful of these were relaxed the larger picture remains. The correction saw markets lose ground on all the five days of trading last week. The BSESENSEX lost 1,111.82 points or 3.445 to close at 31,213.59 points while NIFTY lost 355.60 points or 3.53% to close at 9,710.80 points. There was correction all across and there were hardly any shares that were left unaffected.
The week saw two listings as well in the form of SIS and Cochin Shipyard. While the first opened well and closed with losses of 7% the second opened a little higher than the issue price and then closed at the upper circuit gaining about 21%.
The week ahead has a trading holiday on Tuesday on account of India’s 71st Independence Day. The markets are likely to show some rebound at initial having lost for five consecutive days but it is unlikely to be significantly more than that. The feeling that every dip was an opportunity to buy would no longer be there and people would turn cautious. The geo-political situation at the current moment is not the ideal situation and there could be some pressure points in the coming future.
In such a scenario it makes sense to remain light footed and use sharp dips and rallies to enter and sell the market. Plenty of opportunities would be there and one needs to be patient.
Security & Intelligent Services (India) Limited – Great debut but poor finish
August 11th, 2017
Comments Off on Security & Intelligent Services (India) Limited – Great debut but poor finish
Shares of Security & Intelligent Services (India) Limited (SIS) listed on the debut at Rs 875 at the BSE and Rs 879.80 on the NSE against an issue price of Rs 815. Unfortunately the story ended there and it was virtually a one way street thereafter and only downwards. The share touched a low of Rs 749 on the BSE and Rs 748.80 on the NSE before closing at Rs 756.70 on the BSE and Rs 757.05 on the NSE.
The company had tapped the capital markets with its simultaneous offer which consisted of a fresh issue of Rs 362.25 crs and an offer for sale of 51.2 lakh shares in a price band of Rs 805-815. The issue looked expensive and the subscription in the HNI category was poor being subscribed under 2 times.
The company had allotted 43.04 lakh shares to 18 anchor investors comprising of 30 entities. Domestic mutual funds were allotted 20.24 lakh shares which was just under half the total anchor allocation. The issue opened well and had made gains of Rs 60-64 at the discovered price. There was one bulk trade reported in all on the NSE which happened at the discovered price of Rs 879.80 for 5 lac shares. Thereafter the price after holding steady just kept on slipping. The end of the day was panic and though the stock closed around Rs 756-758 the weighted average was significantly higher at Rs 824.69 on the BSE and Rs 833.92 on the NSE.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 875.00 | 878.00 | 749.00 | 756.70 | -58.30 | -7.15 | 824.69 | 1319728 | 157330 | 11.92 |
| NSE | 879.80 | 879.80 | 758.00 | 757.05 | -57.95 | -7.11 | 833.92 | 8025978 | 2006120 | 25.00 |
| Total | 9345706 | 2163450 | 23.15 |
All in all while the listing was good without doubt the finish or the closing was indeed poor. For the records this would go down as one more issue which closed below the issue price on listing day and add to the tally of the merchant bankers on the negative side. If only pricing became more rational. Amen!
