Performance of Newly Listed Shares as on 19th February

Name Date of Listing Issue Price Closing Price Closing Price % Gain Loss % Change Over
      190221 120221 Over Week lssue Price
Route Mobile Limited 21st September 350.00 1864.20 1594.00 16.95 432.63
CAMS Limited 1st October 1230.00 1818.75 1927.05 -5.62 47.87
Chemcon Speciality Chemicals Limited 1st October 340.00 449.15 450.15 -0.22 32.10
Angel Broking Limited 5th October 306.00 324.65 343.20 -5.41 6.09
Mazazgon Dock Shipbuilders Limited 12th October 145.00 218.30 224.45 -2.74 50.55
UTI AMC Limited 12th October 554.00 583.40 564.95 3.27 5.31
Likhitha Infrastructure Limited 15th October 120.00 273.40 247.70 10.38 127.83
Equitas Small Finance Bank Limited 2nd November 33.00 48.15 46.75 2.99 45.91
Gland Pharma Limited 20th November 1500.00 2414.65 2189.35 10.29 60.98
Burger King India Limited 14th December 60.00 143.20 149.50 -4.21 138.67
Mrs Bectors Food Specialities Limited 24th December 288.00 402.85 391.20 2.98 39.88
Antony Waste Handling Cell Limited 1st January 315.00 301.90 315.70 -4.37 -4.16
Indian Railway Finance Corporation Ltd 29th January 26.00 25.35 25.35 0.00 -2.50
Indigo Paints Limited 2nd February 1490.00 2574.95 2609.95 -1.34 72.82
Home First Finance Limited 3rd February 518.00 554.25 350.85 57.97 7.00
Stovekraft Limited 5th February 385.00 458.00 506.75 -9.62 18.96
Brookfield REIT 16th February 275.00 258.96 NA -5.83 -5.83

Railtel Corporation Of India Limited – Issue Subscribed Over 42 Times

The offer for sale from RailTel received overwhelming support and was oversubscribed 42.42 times. The offer for sale of 871.53 lac shares was in a price band of Rs 93-94. The issue had opened on Tuesday the 16th of February and closed on Thursday the 18th of February.

Earlier, the company had allotted 2,59,57,446 shares to 13 anchor investors comprising of 23 entities. The highest allocation of 37,23,100 shares or 14.34% was made to HDFC Life Insurance. This was followed by 4 entities which were allotted an identical 31,91,295 equity shares or 12.29% of the anchor allocation. They are Nippon Life, Goldman Sachs, HDFC Mutual Fund and ICICI Prudential Mutual Fund. This effectively means that the top five anchors have been allotted 63.5% of the anchor portion.

Railtel Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 17330674 1131450400 65.29
HNI 12998006 952118190 73.25
Retail

30328680 508997680 16.78
Employee

500000 1677100 3.35
Total

61157360 2594243370 42.42

The issue received excellent response and was very well subscribed across categories. QIB portion was subscribed 65.29 times, HNI portion 73.25 times, Retail portion 16.28 times and Employee portion 3.35 times. There were 23.79 lac applications and on the basis of lots the retail portion was subscribed 12.16 times.

This issue on basis of retail subscription has seen the best response ever in all railway PSU’s so far. The railway PSU pack consists of IRCTC, IRFC, RITES, RailTel, RVNL and Ircon.

Nureca Limited – Issue Subscribed 39.93 Times

Nureca Limited which had tapped the capital markets with its fresh issue to raise Rs 100 crs received massive support from Robin Hood investors and was oversubscribed 39.93 times. Earlier the company had allotted 11,13,750 equity shares to two anchor investors. The first is Next Pact Limited who was allotted 8,63,745 equity shares or 77.55% of the anchor allotment while Next Orbit Ventures Fund was allotted 2,50,005 equity shares or 22.45% of the anchor portion.

The issue saw QIB portion subscribed 3.10 times, HNI portion subscribed 31.59 times, Retail portion was subscribed 166.65 times and Employee quota was subscribed 4.82 times. Overall, issue was subscribed 39.93 times. There were 9.38 lac applications in the issue and on basis of lots, the issue was subscribed 131.36 times.

Nureca Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 750000 2328655 3.10
HNI 375000 11846450 31.59
Retail

250000 41662600 166.65
Employee

26595 128240 4.82
Total

1401595 55965945 39.93

This company had suspect financials with its revenues and profits shooting up in the six-month period April 20 to September 20. The participation by retail investors is testimony to the fact how gullible retail investors have become.

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