We have reached that stage in the market where new issues or IPO’s are afraid of tapping the capital markets. The major reason is the uncertainty through which our markets are now passing through. Global events and domestic events are all having their toll on the markets. Even the regulator is looking at the current state of affairs in the primary markets and it is now widely believed there would be some changes in regulations which would probably help the markets and make them less volatile.

In view of the current state there have been no new issues and the last issue to be listed was Indo-Thai Securities in the first week of November. As there are no issues it makes sense to review issues which listed in each of the four quarters of the current year and look at their performance.

Starting this week we will look at each quarter starting with the fourth quarter of the calendar year 2011. Two new columns have been added where the lifetime high of the share is mentioned and the fall from the high to the current price as a percentage of the issue price. This is a very interesting piece of statistic as in fall even the share price is completely knocked off and a share issued at Rs 1000 and trading at Rs 100 would statistically be down 90% while a share issued at Rs 100 and trading at Rs 1000 would have gained 900%.