| Name | Date of listing | Issue Price | closing price | closing price | % gain loss | change over |
| 10th Dec | 3rd Dec | over week | lssue price | |||
| Gravita India | 16th Nov | 125.00 | 193.55 | 259.15 | -25.31 | 54.84 |
| Power Grid (FPO) | 25th Nov | 90.00 | 96.05 | 99.95 | -3.90 | 6.72 |
| R.P.P. Infra Projects | 6th Dec | 75.00 | 57.25 | N A | -23.67 | -23.67 |
Performance of Newly Listed Shares 10th Dec 2010
December 11th, 2010
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A2Z Maintenance Engineering Services IPO fails to garner adequate response
December 11th, 2010
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Total subscription 0.97 times
A2Z Maintenance Engineering Services Limited which had tapped the capital markets with its IPO to raise Rs 675 crs and an offer for sale of 45,56,193 in a price band of Rs 400-410, failed to get fully subscribed. The issue was finally subscribed 0.97 times.
The issue consisted of a fresh issue and an offer for sale. It was also mentioned in the RHP that in case the issue did not manage to garner adequate response, any shortfall would be reduced from the offer for sale. Effectively this means that the issue is subscribed and the shortfall gets offset from the offer for sale.
The data given below shows the level of subscription received in each category. There appears to be substantial withdrawal in the HNI category which was subscribed almost 5 times before ending at 3.12 times. Retail subscription has been poor.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 7527656 | 5133420 | 0.68 |
| NII | 3188679 | 9991795 | 3.12 |
| Retail | 7465918 | 2457780 | 0.33 |
| Employee | 100000 | 32445 | 0.32 |
| Overall | 18193253 | 17615400 | 0.97 |
Ravi Kumar Distilleries IPO Subscribed
December 11th, 2010
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Ravi Kumar Distilleries Limited which had tapped the capital markets with its IPO in a price band of Rs 56 – 64 was subscribed. The issue was subscribed 2.22 times. HNI’s and retail subscription was the driver to the success of the IPO and helped in the overall subscription while the QIB portion was under subscribed and was a mere 0.15 times of its segment.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 5750000 | 840600 | 0.15 |
| NII | 1725000 | 12607100 | 7.31 |
| Retail | 4025000 | 12111500 | 3.01 |
| Overall | 11500000 | 25559200 | 2.22 |
The issue is subscribed and it would be interesting how the share fares post listing as there were no fundamentals as far as the asking price was concerned.
