Performance of Newly Listed Shares as on 24th February 2012

These IPO’s were listed during the April June 2011 quarter

Name Date of Listing Issue Price Closing  Price Closing Price % Gain Loss  Change Over Lifetime   Fall from  Fall as % from
24th Feb 17th Feb Over Week  Issue Price High High in Rs Lifetime High
Shilpi Cable Technologies  8th April 69.00 14.43 16.13 -10.54 -79.09 84.65 -70.22 -101.77
Muthoot Finance 6th May 175.00 161.00 171.60 -6.18 -8.00 198.00 -37.00 -21.14
Paramount Printpackaging 9th May 35.00 7.02 7.63 -7.99 -79.94 38.10 -31.08 -88.80
Future Ventures India 10th May 10.00 8.71 8.75 -0.46 -12.90 10.05 -1.34 -13.40
Servalakshmi Paper 12th May 29.00 4.95 5.00 -1.00 -82.93 48.75 -43.80 -151.03
Innoventive Industries 13th May 117.00 105.15 109.80 -4.23 -10.13 117.35 -12.20 -10.43
Sanghavi Forging & Engg 23rd May 85.00 44.35 35.40 25.28 -47.82 144.90 -100.55 -118.29
Power Finance Corporation (FPO) 26th May 203.00 191.55 220.40 -13.09 -5.64 223.80 -32.25 -15.89
Aanjaneya Lifecare 27th May 234.00 539.35 572.40 -5.77 130.49 599.00 -59.65 -25.49
VMS Industries 14th June 40.00 43.65 39.80 9.67 9.13 49.25 -5.60 -14.00
Timbor Home 22nd June 63.00 25.00 28.50 -12.28 -60.32 109.00 -84.00 *-133.33

* 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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