Company | IPO Date | Issue Price | Current Price | Gain/Loss | Price 27 Oct |
---|---|---|---|---|---|
Repco Home | April 2013 | 172 | 598 | 247.7% | 331 |
Just Dial | June 2013 | 483 | 448 | -7.5% | 437 |
Wonderla | May 2014 | 125 | 365 | 192% | 267 |
Snowman Logistics | Sept 2014 | 47 | 49.45 | 5.2% | 34 |
Sharda Cropchem | Sept 2014 | 156 | 406.7 | 160.7% | 330 |
Shemaroo Entertainment | Oct 2014 | 170 | 479 | 181.76% | 446 |
Monte Carlo | Dec 2014 | 645 | 532 | -17.5% | 347 |
Ortel Communication | March 2015 | 181 | 21.75 | -88% | 7 |
Adlabs Entertainment | April 2015 | 180 | 50.35 | -72% | 11 |
Inox Wind | April 2015 | 325 | 108.7 | -66.55% | 78 |
VRL Logistics | April 2015 | 205 | 424.3 | 106.7% | 255 |
MEP Infra | May 2015 | 63 | 83 | 31.75% | 42 |
UFO Moviez | May 2015 | 625 | 394.7 | -36.85% | 313 |
PNC Infratech | 26 May 2015 | 378 (Pre split 5:1) | 166.8 | 120.6% | 127 |
Manpasand Beverages | July 2015 | 320 (Pre bonus 1:1) | 395.4 | 147.1% | 83 |
Syngene International | August 2015 | 250 | 615.6 | 146.25% | 570 |
Power Mech Projects | August 2015 | 640 | 1028.95 | 60.75 | 820 |
Navkar Corp | September 2015 | 155 | 179.55 | 15.8% | 67 |
Pennar Eng | September 2015 | 178 | 83.95 | -52.85% | 52 |
Shree Pushkar Chem | September 2015 | 65 | 219.45 | 237.6% | 180 |
Sadbhav Infra | September 2015 | 103 | 134.45 | 30.5% | 101 |
Prabhat Dairy | September 2015 | 115 | 179.95 | 56.25% | 100 |
Coffee Day | November 2015 | 328 | 332.9 | 1.5% | 260 |
Interglobe Aviation | November 2015 | 765 | 1407.8 | 84% | 870 |
S H Kelkar | November 2015 | 180 | 240.65 | 33.7% | 172 |
Dr Lal Path Lab | December 2015 | 550 | 847.7 | 54.1% | 893 |
Alkem Lab | December 2015 | 1050 | 1969 | 87.5% | 1940 |
Narayana Hrudayalay | January 2016 | 250 | 274.5 | 10% | 220 |
Precision Camshaft | February 2016 | 186 | 101 | -45.7% | 60 |
Teamlease Services | February 2016 | 850 | 2647.9 | 211.5% | 2514 |
Quick Heal | February 2016 | 321 | 333.2 | 4% | 185 |
Bharat Wire Rope | April 2016 | 45 | 124.75 | 177.25% | 72 |
Equitas Holdings | April 2016 | 110 | 156 | 41.8% | 99 |
Thyrocare | May 2016 | 446 | 668.75 | 50% | 560 |
Ujjivan Financial | May 2016 | 210 | 405.35 | 93% | 181 |
Parag Milk Foods | May 2016 | 215 | 314.45 | 46.25% | 251 |
Mahanagar Gas | July 2016 | 421 | 894.8 | 112.5% | 814 |
Quess Corp | July 2016 | 317 | 1162.7 | 266.8% | 686 |
L&T Infotech | July 2016 | 710 | 1592.9 | 124.35% | 1656 |
Advanced Enzyme | August 2016 | 896 (Pre split 5:1) | 254.6 | 42% | 177 |
Dilip Buildcon | August 2016 | 219 | 1163 | 431% | 382 |
S P Apparels | August 2016 | 268 | 369.7 | 37.95% | 275 |
RBL Bank | August 2016 | 225 | 537.65 | 138.95% | 500 |
L&T Technology | Sept 2016 | 860 | 1337.05 | 55.5% | 1560 |
GNA Axles | Sept 2016 | 207 | 555.15 | 168.2% | 353 |
ICICI Prudential | Sept 2016 | 334 | 433.2 | 29.7% | 325 |
HPL Electric | Oct 2016 | 202 | 114.45 | -43.35% | 56 |
Endurance Techno | Oct 2016 | 472 | 1285.95 | 172.45% | 1104 |
PNB Housing Fin | Nov 2016 | 775 | 1364.7 | 76.1% | 700 |
Varun Beverages | Nov 2016 | 445 | 645.05 | 44.95% | 760 |
Sheela Foam | Dec 2016 | 730 | 1517.55 | 107.9% | 1500 |
Laurus Labs | Dec 2016 | 428 | 508 | 18.7% | 340 |
BSE Limited | Feb 2017 | 806 | 812.05 | 1% | 596 |
Music Broadcast | Mar 2017 | 333 | 387.8 | 16.45% | 329 |
Avenue Supermarts | Mar 2017 | 299 | 1483 | 396% | 1227 |
CL Educate | Mar 2017 | 500 | 211.55 | -57.7% | 113 |
Shankara Building | April 2017 | 460 | 1948.4 | 323.5% | 1086 |
S Chand and Co | May 2017 | 670 | 401.6 | -40% | 194 |
HUDCO | May 2017 | 58 | 65.95 | 13.7 | 40 |
PSP Projects | May 2017 | 210 | 574.75 | 173.7 | 370 |
Tejas Networks | June 2017 | 257 | 336.35 | 30.9% | 237 |
Eris Life | June 2017 | 603 | 765.35 | 26.9% | 684 |
CDSL | June 2017 | 149 | 293.85 | 97.2% | 239 |
GTPL Hathway | July 2017 | 170 | 152.75 | -10.15% | 85 |
AU Small Finance Bank | July 2017 | 358 | 731.65 | 104.4% | 523 |
Salasar Techno | July 2017 | 108 | 388.55 | 259.77% | 210 |
Security & Intelligence | August 2017 | 815 | 1180.65 | 44.9% | 835 |
Cochin Shipyard | August 2017 | 432 | 530.95 | 22.9% | 379 |
Apex Frozen Foods | Sept 2017 | 175 | 646.7 | 269.55% | 340 |
Bharat Road Network | Sept 2017 | 205 | 179.75 | -12.3% | 116 |
Dixon Technologies | Sept 2017 | 1766 | 3463.2 | 96.1% | 2084 |
Matrimony.com | Sept 2017 | 985 | 836.65 | -15% | 480 |
Capacite Infra | Sept 2017 | 250 | 361.35 | 44.55% | 180 |
ICICI Lombard | Sept 2017 | 661 | 752.95 | 13.9% | 800 |
SBI Life Insurance | Oct 2017 | 700 | 758.85 | 8.4% | 570 |
Pratap Snacks | Oct 2017 | 938 | 1359.8 | 45% | 1004 |
Godrej Agrovet | Oct 2017 | 460 | 703.25 | 52.9% | 512 |
Indian Energy Exchange | Oct 2017 | 1650 | 1631.95 | -1.1% | 1600 (after split 160) |
General Insurance | Oct 2017 | 912 | 711.9 | -22% | 634 (after split 317) |
Reliance Nippon | Nov 2017 | 252 | 252.95 | 0% | 160 |
Mahindra Logistics | Nov 2017 | 429 | 487.2 | 13.5% | 550 |
Khadim India | Nov 2017 | 750 | 776.5 | 3.5% | 594 |
HDFC Standard Life | Nov 2017 | 290 | 519.15 | 79% | 360 |
Shalby | Dec 2017 | 248 | 217.55 | -12.3% | 149 |
Future Supply Chain | Dec 2017 | 664 | 700.15 | 5.5% | 649 |
Astron Paper | Dec 2017 | 50 | 137.85 | 175.7% | 110 |
Apollo Micro Systems | Jan 2018 | 275 | 232.3 | -15.5% | 116 |
Newgen Software | Jan 2018 | 245 | 239.3 | -2.3% | 232 |
Amber Enterprises | Jan 2018 | 859 | 1073.55 | 25% | 837 |
Galaxy Surfactants | Jan 2018 | 1480 | 1446 | -2.3% | 1260 |
Aster DM Health | Feb 2018 | 190 | 170.95 | -10% | 159 |
HG Infra Eng | Mar 2018 | 270 | 336.35 | 24.6% | 173 |
Bharat Dynamics | Mar 2018 | 428 | 405 | -5.4% | 283 |
Bandhan Bank | Mar 2018 | 375 | 506.45 | 35% | 380 |
Hindustan Aeronautics | Mar 2018 | 1215 | 1125.8 | -7.35% | 746 |
Mishra Dhatu Nigam | Apr 2018 | 90 | 146.45 | 62.7% | 108 |
ICICI Securities | Apr 2018 | 520 | 422.75 | -18.7% | 239 |
The table clearly shows that it has been a mixed bag for investors. Especially after October 2017, there has been 13 listings in green and 10 in red so 40% of the total IPO are in negative since last 6 months. This clearly tells that there is a froth in the primary market offerings.
The one that are in negative or very small gain but looks attractive from investment perspective to me are following:
- Just Dial
- Monte Carlo
- UFO Moviez
- Pennar Engineered Building Systems
- Precision Camshaft
- Quick Heal
- Advanced Enzyme
- BSE
- Music Broadcast
- GTPL Hathway
- Matrimony.com
There has been some good listings such as Sharda Crop Chem, Mahanagar Gas, Manpasand Beverages, CDSL which happened at slight gains to the issue price and then based on performance, stock price ran away. In Warren Buffett's language, I was thumb-sucking at that time and lost these opportunities. I did buy some like L&T Infotech at around 650, which is below IPO issue price, and now I am handsomely rewarded as the stock price is hovering around 1600.
Among all the companies, the most stellar of them is Avenue Supermart (DMart) which came with issue price of 299, listed at 590 and now trading at 1500. Some of the good returns has happened due to heavy overvaluation such as that in Dilip Buildcon, Teamlease Services, Quess Corp, PSP Projects, Shankara Building Products, Apex Frozen Foods, Astron Paper and many others from the above list including Avenue Supermart too. Many are trading at stratospheric valuation and would give big heartache to investors when the tide turns.
Updated on 27 Oct 2018: I have updated the list with latest price as of today since a lot of action has taken place in two months. I had already mentioned some names which looked overvalued at that time out of which only Astron Paper and Teamlease have not corrected much otherwise Dilip Buildcon has gone down by 70%, Quess by 40%, Apex Frozen by 50%, Shankar Building by 45% and even Avenue Supermart has corrected by 17.5%. Even the one that I found interesting such as Pennar, Quick Heal, Matrimony have gone down by 30% or more. The one which has withstood the carnage have been shown with green color and some of them were already in my portfolio such as Larsen & Toubro Infotech. Some I added in the correction such as Sharda Crop Chem, Precision Camshafts, Bharat Dynamics etc...