| Name | Date of Listing | Issue Price | closing price | closing price | % gain loss | change over |
| 24th June | 17th June | over week | lssue price | |||
| Servalakshmi Paper | 12th May | 29.00 | 8.38 | 9.11 | -8.01 | -71.10 |
| Innoventive Industries | 13th May | 117.00 | 87.9 | 91.65 | -4.09 | -24.87 |
| Sanghavi Forging | 23rd May | 85.00 | 44.8 | 59.7 | -24.96 | -47.29 |
| Power Finance (FPO) | 26th May | 203.00 | 178.35 | 180.65 | -1.27 | -12.14 |
| Aanjaneya Lifecare | 27th May | 234.00 | 376.25 | 349.85 | 7.55 | 60.79 |
| VMS Industries | 14th June | 40.00 | 15.00 | 18.55 | -19.14 | -62.50 |
| Timbor Home | 22nd Juine | 63.00 | 88.2 | N A | 40.00 | 40.00 |
Performance of Newly Listed Shares as on 24th June 2011
June 26th, 2011
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Birla Pacific Medspa IPO: Issue subscribed
June 24th, 2011
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Birla Pacific Medspa Limited which had tapped the capital markets with its IPO in a price band of Rs 10-11 was subscribed. The company would be raising Rs 6517.50 lakhs. The issue was open from Monday the 20th of June and closed on Thursday the 23rd of June. The issue was subscribed 1.18 times overall with the QIB portion just about subscribed, the HNI portion undersubscribed and the retail portion subscribed about 1.82 times. The institutional bids have come at the lower end of the price band of Rs 10 and that would be the issue price as the book would remain undersubscribed at the upper end.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 32587500 | 33812000 | 1.04 |
| NII | 9776250 | 1614000 | 0.17 |
| Retail | 22811250 | 41436500 | 1.82 |
| Overall | 65175000 | 76862500 | 1.18 |
This was an issue where the company is not making profits, hence the QIB portion being subscribed was mandatory. The company runs five med-spas in Mumbai and has two franchisee operated spas in Thane and Chennai. The objects of the issue are primarily to expand the spas from the present 5 plus two by more than 50 in the coming two to three years.
Rushil Decor IPO: issue subscribed
June 24th, 2011
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Rushil Decor Limited which had tapped the capital markets with its IPO for 56.43 lac shares in a price band of Rs 63-72 was subscribed. The issue was open from Monday the 20th of June to Thursday the 23rd of June. The company is in the business of making decorative laminates and particle board. It now plans to get into the business of manufacturing MDF (Medium Density Fibre) board. The issue received poor support from QIB’s and was undersubscribed in the category while HNI portion was subscribed. It was the retail category which was oversubscribed 6.57 times and helped the overall issue get subscribed 2.62 times.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 2700000 | 625050 | 0.23 |
| NII | 810000 | 1089990 | 1.35 |
| Retail | 1890000 | 12416940 | 6.57 |
| Overall | 5400000 | 14131980 | 2.62 |
There have been some recent successes in small cap companies on speculative interest which seem to have fired the imagination of retail investors and led them to apply in large numbers. One only hopes that there confidence is maintained as companies without fundamentals end up with a similar fate after some time.
