Performance of Newly Listed Shares as on 10th February 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 % from
10th Feb 3rd Feb Over Week  Issue Price High High in Rs Lifetime High
Birla Pacific Medspa 7thJuly 10.00 7.50 7.42 1.08 -25.00 30.70 -23.20 -232.00
Rushil Décor 7thJuly 72.00 174.75 163.75 6.72 142.71 207.00 -32.25 -44.79
Readymade Steel India 13th July 108.00 60.30 61.20 -1.47 -44.17 117.75 -57.45 -53.19
Bhartiya Global Infomedia 28th July 82.00 9.18 8.87 3.49 -88.80 84.00 -74.82 -91.24
Inventure Growth & Securities 4th Aug 117.00 219.10 203.40 7.72 87.26 256.75 -37.65 -32.18
L&T Finance Holdings 12th Aug 52.00 48.35 48.40 -0.10 -7.02 53.00 -4.65 -8.94
Tree House Education & Acessories 26th Aug 135.00 224.55 215.90 4.01 66.33 211.80 12.75 9.44
Brooks Laboratories 5th Sept 100.00 21.33 13.97 52.68 -78.67 131.10 -109.77 -109.77
TD Power Systems 8th Sept 256.00 251.35 250.50 0.34 -1.82 321.00 -69.65 -27.21
SRS  16th Sept 58.00 33.70 34.50 -2.32 -41.90 61.40 -27.70 -47.76
PG Electroplast 26th Sept 210.00 193.05 179.75 7.40 -8.07 548.00 -354.95 * -169.02

* 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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