70% Failure Rate for August IPO Listings

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70% Failure Rate for August IPO Listings

By Aditya Raghunath

Investing.com -- August 2021 could very well be known as the month when the IPO frenzy slowed to a screeching halt in India. There were 10 companies that debuted on the exchanges in August and seven out of the 10 are currently trading at below their issue prices.

  1. Glenmark Life Sciences Ltd (NS: GLEM )

Issue Price: Rs 720

Closing price on August 25: Rs 676.85

Percentage difference: Down6%

  1. Windlas Biotech Ltd (NS: WINL )

Issue Price: Rs 460

Closing price on August 25: Rs 345

Percentage difference: Down 25%

  1. Devyani International Ltd (NS: DEVY )

Issue Price: Rs 90

Closing price on August 25: Rs 113.35

Percentage difference: Up 26%

  1. Krsnaa Diagnostics Ltd (NS: KRSN )

Issue Price: Rs 954

Closing price on August 25: Rs 917.95

Percentage difference: Down 4%

  1. Exxaro Tiles Ltd (NS: EXXA )

Issue Price: Rs 120

Closing price on August 25: Rs 122.65

Percentage difference: Up 2.2%

  1. Cartrade Tech Ltd (NS: CART )

Issue Price: Rs 1,618

Closing price on August 25: Rs 1,472.9

Percentage difference: Down 9%

  1. Nuvoco Vistas Corporation Ltd (NS: NUVO )

Issue Price: Rs 570

Closing price on August 25: Rs 533.5

Percentage difference: Down 6.4%

  1. Rolex Rings Ltd (BO: ROLE )

Issue Price: Rs 900

Closing price on August 25: Rs 1,085

Percentage difference: Up 20.5%

  1. Chemplast Sanmar

Issue Price: Rs 541

Closing price on August 25: Rs 524.55

Percentage difference: Down 3%

  1. Aptus Value Housing Finance India Ltd (NS: APTS )

Issue Price: Rs 353

Closing price on August 25: Rs 347.5

Percentage difference: Down 1.5%

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  • Kantibhai Mahasuri @Kantibhai Mahasuri
    whetherany of the above shares can be purchased?
    Like 0
  • Bitan Chowdhury @Bitan Chowdhury
    I just missed the Devyani International IPO
    Like 0

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