Performance of Newly Listed Shares as on 13th 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 % from
13th Jan 7th Jan over week  lssue price High high in Rs lifetime high
Birla Pacific Medspa 7thJuly 10.00 5.51 6.13 -10.11 -44.90 30.70 -25.19 -251.90
Rushil Décor 7thJuly 72.00 130.45 129.75 0.54 81.18 207.00 -76.55 -106.32
Readymade Steel India 13th July 108.00 65.4 64.9 0.77 -39.44 117.75 -52.35 -48.47
Bhartiya Global Infomedia 28th July 82.00 8.33 7.55 10.33 -89.84 84.00 -75.67 -92.28
Inventure Growth & Securities 4th Aug 117.00 155.9 150.95 3.28 33.25 256.75 -100.85 -86.20
L&T Finance Holdings 12th Aug 52.00 47.8 43.9 8.88 -8.08 53.00 -5.20 -10.00
Tree House Education & Acessories 26th Aug 135.00 187 177.65 5.26 38.52 211.80 -24.80 -18.37
Brooks Laboratories 5th Sept 100.00 14.79 13.89 6.48 -85.21 131.10 -116.31 -116.31
TD Power Systems 8th Sept 256.00 228.20 218.60 4.39 -10.86 321.00 -92.80 -36.25
SRS 16th Sept 58.00 34.45 34.15 0.88 -40.60 61.40 -26.95 -46.47
PG Electroplast 26th Sept 210.00 144.95 129.75 11.71 -30.98 548.00 -403.05   *   -191.93

* 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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