Performance of Newly Listed Shares as on 3rd February 2012

These IPO’s were listed during the October December 2011 quarter

Name Date of Listing Issue Price Closing  price Closing Price % Gain Loss  Change Over Lifetime   Fall from  Fall as % of
3rd Feb 27th Jan Over Week  Issue Price High High in Rs Issue Price
Prakash Constrowell 4th Oct 138.00 124.20 139.30 -10.84 -10.00 311.70 -187.50 -135.87
RDB Rasayans 7th Oct 79.00 7.92 8.17 -3.06 -89.97 93.15 -85.23 -107.89
Tijaria Polypipes 14th Oct 60.00 8.9 8.66 2.77 -85.17 67.80 -58.90 -98.17
Onelife Capital Advisors 17th Oct 110.00 297.5 259.05 14.84 170.45 309.35 -11.85 -10.77
Flexituff International 19th Oct 155.00 274.8 250.85 9.55 77.29 301.95 -27.15 -17.52
Taksheel Solutions 19th Oct 150.00 13.33 13.55 -1.62 -91.11 185.00 -171.67 -114.45
M&B Switchgear 20th Oct 186.00 68.6 64.65 6.11 -63.12 390.00 -321.40 -172.80
Vaswani Industries 24th Oct 39.20 11.56 11.01 5.00 -70.51 35.40 -23.84 -60.82
Indo – Thai Securities 2nd Nov 74.00 12.70 12.74 -0.31 -82.84 99.10 -86.40   *  -116.76

* 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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