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Performance of Ipo in India

A high caliber Investment Professional with an experience amounting over 30 years, majorly across various facets of Investment.

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IPO On Indian Market

Even though Share Market is gone Up, IPO is performing very poor. Indian market has long history of IPO Crash. The required due diligence and prudence is not there. India's biggest Tech IPO crashed and it is Trading at 70% discount it is Story in itself.

Another big IPO, LIC, India's biggest financial institution IPO is Trading below offer price and it is expected to go down further.

IPO is big scam and retail investors lost huge money. The Brokers and Merchant Bankers create hype around the IPO. The independent Rating Agencies give Star Ratings. Unfortunately all these failed to protect Retail Investors. Retail Investors lost money.

IPO of Real Estate Companies are disasters. Investors lost almost everything in these Real Estate Companies.

Missing Companies, there are hundreds of missing companies. After collecting Money in IPO and Operating, they gone missing without any trace and money siphoned off.

Market Scams

Harshad Mehta - In 1992 Share Market Crashed. The market was manipulated by then Big Bull Harshad Mehta. Investors lost their money.

Ketan Parekh - The Big Bull manipulated Market with the help Banks. When this manipulation comes to light, market crashed.

Rakesh Jhunjhunwala - The present Big Bull and Market Maker know for his high end connections knows too much about policy and government. Time to investigate him before it is Too Late.

NSE Scam

Chitra Ramkrishnan then NSE CEO is arrested for leaking information. Investigation is going on and it will take time to know exact losses to the investors. Time to implement Corporate Governance Laws and Transparency, Ethical Audits.

Anand Subramanyam - Then COO of NSE is arrested for unknown misleading and leakage. The leak, manipulation and insider trading, investigation still going on. Time to investigate in detail who benefited from leakage of information and data.


The scams and frauds, only the small and retails investors lose their lifetime savings. Time to implement Ethical Laws and Corporate Governance, and responsibility for failures must be defined.

Time to act, before it is Too Late

LIC

LIC IPO

LIC IPO

Indian Share Market IPO Performance

Performance of Indian IPO’s

If we look at Indian stock market which is performing well and has doubled since its low in March 2009. From low 8325 it is trading at 18,512 now is more than doubled in last two years. Indian economy is growing at robust pace and performance of the economy is very good in last two years. But if we look at the performance of the IPO (Initial Public Offering) is really very bad.

If we look at the performance then almost 74% of total 222 listed from 2007 are trading below their issue price. Almost 27% of total issues lost more than 70% of their issue price and 16% lost their 80% and above. This performance is extremely bad and it is same over the years. 93% and above issues of 2010 are trading below their issue and some of them are performed really badly. The government entities are no exception to them.

If we look at why the performance of IPO is so bad, there are few notable points which comes to the forefront.

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· The offer prices of these IPO’s are very aggressive and there is very little or no room is left for the short term appreciation of the share price. Some of the big companies has not done well on the stock market, MPSEZ,NTPC,NMDC and NHPC. Some of the IPO's has even lost up to 90% of their worth.

· The second most important point is the lead manager and under writer. If you get good lead manager and under writer and some hired analyst and paid media, it is done. The issue is over subscribed.

· The marketing is very important and network of broker plays key role in the sale of these IPO’s.

· Even though it was mandatory to get rating on IPO’s but rarely investor’s look at it and lead manager and under writer are the one who sale it.

· Those where the good old days when IPO pricing was approved by the ministry of company affairs and those were really good days when retail investor are protected from manipulation.

· Even though SEBI is very proactive in market but has so far fail to control this issue.

Total Issues 2007 till Date

Total No of Issues from 2007 ---- 219

Total No of Issues in Negative ----- 162

Percentage of Issues in Negative --- 74%

Total No of Issues in Positive --- 57

Percentage of Issues in Positive --- 26%

2011

Total No of Issues from 2011 --- 13

Total No of Issues in Negative --- 7

Percentage of Issues in Negative --- 54%

Total No of Issues in Positive --- 6

Percentage of Issues in Positive ---- 46%

2010

Total No of Issues from 2010 ---- 73

Total No of Issues in Negative --- 68

Percentage of Issues in Negative --- 93%

Total No of Issues in Positive --- 5

Percentage of Issues in Positive --- 7%

2009

Total No of Issues from 2009 ---- 17

Total No of Issues in Negative ---- 9

Percentage of Issues in Negative --- 53%

Total No of Issues in Positive ---- 8

Percentage of Issues in Positive ---- 47%

2008

Total No of Issues from 2008 ----- 45

Total No of Issues in Negative ---- 38

Percentage of Issues in Negative ---- 84%

Total No of Issues in Positive ----- 7

Percentage of Issues in Positive ------ 16%

2007

Total No of Issues from 2007 ----- 71

Total No of Issues in Negative ------ 54

Percentage of Issues in Negative ----- 76%

Total No of Issues in Positive ------ 17

Percentage of Issues in Positive ----- 24%

BSE Sensex

BSE Index

BSE Index

Real Estate IPO

Real Estate IPO

Indian Stock Market - IPO and FPO Future Prospects

 Indian Stock Market IPO and FPO Future Prospects

Presently Indian Market is around  BSE Sensex 18500 and NSE Nifty around 5556.  They are hoving around this range for quite some time. The volatility is very high and will remain so in 2011-12 fiscal year. ( Fiscal year is from 1st April to 31st March).  The market will remain volatile and will be dependent upon global liquidity and market movements.  It will be range bound for 2011-12.

The real issue is the IPO and their performance. If IPO are doing badly why? When the market in general has done well. IPO should have done good. But IPO's are performing very badly. Is SEBI to be blame, rating agencies to be blame? Who is responsible for this. This is very difficult question to answer. I don't think any one answer this. What I can answer is " How IPO's will be doing in future." ( future IPO's)

The real problem with IPO's are pricing, very aggressive pricing is first and formost reason for the very bad performance of these IPO's. The pricing of the IPO's are based on current market fundamentals and ratio's, the numbers are for the future operations. This method of valueing IPO based on current market valuations and fundamentals does not leave any room for the further appreciation of the stock. It left the stock only one way, if anything goes wrong, very little down side of performance or negative news, newly listed stock goes down. The promoter has not left any room for the appreciation of stock and new investor, shareholder may benefit from it. The promoter has eaten up all cream and what is left is affered to the market like skimmed milk. Even though most of the IPO's are rated OK but no one really looks at rating. The market maker, lead manager, his broker and marketing network is what matters. If promoter has skills to get best lead manger then he is assured of sell and money. The under writter make money and so is the lead manager. Only investors loose money.

I do not see any fundamental change in this scenario and IPO will continue to perform badly on the stock market after listing.

 

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Indian IPO Market

Indian IPO

Indian IPO

IPO 2011 Performance

S NOCompanyList DateList PriceCurrent PriceIssue PriceChange

1

Shilpi Cable Technologies Ltd

8-Apr-11

78.35

23.25

69

-66.3

2

Acropetal Technologies Ltd

10-Mar-11

130

32.35

90

-64.06

3

Omkar Speciality Chemicals Ltd

10-Feb-11

95

64.1

98

-34.59

4

PTC India Financial Services Ltd

30-Mar-11

28

19

28

-32.14

5

Shekhawati Poly-Yarn Ltd

12-Jan-11

32.5

36.2

30

20.67

6

Sudar Garments Ltd

11-Mar-11

74

122.1

77

58.57

7

Lovable Lingerie Ltd

24-Mar-11

261.5

326.55

205

59.29

8

Midvalley Entertainment Ltd

27-Jan-11

73

125.5

70

79.29

9

C Mahendra Exports Ltd

20-Jan-11

111

264.3

110

140.27

10

Fineotex Chemical Ltd

11-Mar-11

80

215.1

70

207.29

IPO 2010 Performance

S. No.CompanyList DateList PriceCurrent PriceIssue PriceChange

1

Aqua Logistics Ltd

23-Feb-10

219.4

15.05

220

-93.16

2

Bajaj Corp Ltd

18-Aug-10

730

115.4

660

-82.52

3

D B Realty Ltd

24-Feb-10

430

85

468

-81.84

4

Gyscoal Alloys Ltd

27-Oct-10

76.6

14.82

71

-79.13

5

Aster Silicates Ltd

28-Jul-10

127.7

25

118

-78.81

6

Tirupati Inks Ltd

1-Oct-10

53.95

9.3

43

-78.37

7

Sea TV Network Ltd

14-Oct-10

120

23

100

-77

8

Cantabil Retail India Ltd

12-Oct-10

133.8

37.5

135

-72.22

9

Commercial Engineers & Body Builders Co Ltd

18-Oct-10

122.8

35.55

127

-72.01

10

Emmbi Polyarns Ltd

24-Feb-10

45.5

12.88

45

-71.38

11

Tarapur Transformers Ltd

18-May-10

75

22.5

75

-70

12

SKS Microfinance Ltd

16-Aug-10

1036

297.85

985

-69.76

13

Birla Shloka Edutech Ltd

29-Jan-10

49

16.25

50

-67.5

14

Midfield Industries Ltd

4-Aug-10

159.4

46.3

133

-65.19

15

Syncom Healthcare Ltd

15-Feb-10

88

28.85

75

-61.53

16

Microsec Financial Services Ltd

5-Oct-10

135.1

47.5

118

-59.75

17

Texmo Pipes and Products Ltd

10-Mar-10

101.5

39.4

90

-56.22

18

Goenka Diamond & Jewels Ltd

16-Apr-10

130

60

135

-55.56

19

BS Transcomm Ltd

27-Oct-10

251

113.5

248

-54.23

20

Intrasoft Technologies Ltd

12-Apr-10

140

68.2

145

-52.97

21

Ravi Kumar Distilleries Ltd

27-Dec-10

64

30.35

64

-52.58

22

Nitesh Estates Ltd

13-May-10

50

26.25

54

-51.39

23

Orient Green Power Company Ltd

8-Oct-10

45.7

23.3

47

-50.43

24

Hathway Cable & Datacom Ltd

25-Feb-10

246

119.75

240

-50.1

25

Vascon Engineers Ltd

15-Feb-10

170

86.15

165

-47.79

26

Man Infraconstruction Ltd

11-Mar-10

335

132.5

252

-47.42

27

Jaypee Infratech Ltd

21-May-10

93

57.9

102

-43.24

28

A2Z Maintenance & Engineering Services Ltd

23-Dec-10

390

238.2

400

-40.45

29

Ramky Infrastructure Ltd

8-Oct-10

450

268.85

450

-40.26

30

Indosolar Ltd

29-Sep-10

29.75

17.6

29

-39.31

31

Technofab Engineering Ltd

16-Jul-10

265

154.6

240

-35.58

32

DQ Entertainment (International) Ltd

29-Mar-10

135

55.9

80

-30.13

33

JSW Energy Ltd

4-Jan-10

102

70.85

100

-29.15

34

Shipping Corporation of India Ltd

15-Dec-10

136.9

105.35

140

-24.75

35

Pradip Overseas Ltd

5-Apr-10

120

85

110

-22.73

36

IL&FS Transportation Networks Ltd

30-Mar-10

287

199.5

258

-22.67

37

Prestige Estates Projects Ltd

27-Oct-10

190

142.5

183

-22.13

38

Claris Lifesciences Ltd

20-Dec-10

224.4

179.2

228

-21.4

39

Electrosteel Steels Ltd

8-Oct-10

12.35

8.96

11

-18.55

40

SJVN Ltd

20-May-10

28

21.35

26

-17.88

41

Eros International Media Ltd

6-Oct-10

213.35

145.6

175

-16.8

42

Punjab & Sind Bank

30-Dec-10

146.1

100.65

120

-16.13

43

Ashoka Buildcon Ltd

14-Oct-10

333.55

272.95

324

-15.76

44

Tecpro Systems Ltd

12-Oct-10

399.4

301.25

355

-15.14

45

NMDC Ltd

29-Mar-10

295.7

265.95

300

-11.35

46

NTPC Ltd

19-Feb-10

204

180.25

201

-10.32

47

Shree Ganesh Jewellery House Ltd

9-Apr-10

258.85

236.65

260

-8.98

48

Oberoi Realty Ltd

20-Oct-10

280

240.3

260

-7.58

49

MBL Infrastructures Ltd

11-Jan-10

190

170

180

-5.56

50

VA Tech Wabag Ltd

13-Oct-10

1655

1250

1310

-4.58

51

Hindustan Media Ventures Ltd

21-Jul-10

170

158.9

166

-4.28

52

Engineers India Ltd

12-Aug-10

315

281.55

290

-2.91

53

R P P Infra Projects Ltd

6-Dec-10

75

74.45

75

-0.73

54

Infinite Computer Solutions (India) Ltd

3-Feb-10

178.35

164.2

165

-0.48

55

MOIL Ltd

15-Dec-10

551

373.85

375

-0.31

56

Career Point Infosystems Ltd

6-Oct-10

461

322.95

310

4.18

57

Standard Chartered PLC

11-Jun-10

105

111.95

104

7.64

58

Arss Infrastructure Projects Ltd

3-Mar-10

640

488.8

450

8.62

59

Bedmutha Industries Ltd

14-Oct-10

114.4

110.8

102

8.63

60

D B Corp Ltd

6-Jan-10

250

238

212

12.26

61

Persistent Systems Ltd

6-Apr-10

400

389.7

310

25.71

62

Gujarat Pipavav Port Ltd

9-Sep-10

56.25

60

46

30.43

63

Prakash Steelage Ltd

25-Aug-10

118.55

145

110

31.82

64

Godrej Properties Ltd

5-Jan-10

510

704.25

490

43.72

65

United Bank of India

18-Mar-10

77

101.85

66

54.32

66

Coal India Ltd

4-Nov-10

287.75

386.3

245

57.67

67

Talwalkars Better Value Fitness Ltd

10-May-10

138

220.95

128

72.62

68

Mandhana Industries Ltd

19-May-10

132.7

229.3

130

76.38

69

Gallantt Ispat Ltd

11-Oct-10

48.9

91.05

50

82.1

70

Rural Electrification Corporation Ltd

8-Mar-10

230

223.95

105

113.29

71

Thangamayil Jewellery Ltd

19-Feb-10

70

179.4

75

139.2

72

Gravita India Ltd

16-Nov-10

218.75

356.45

125

185.16

73

Jubilant Foodworks Ltd

8-Feb-10

161.6

740.05

145

410.38

IPO Performance 2009

S. No.CompanyList DateList PriceCurrent PriceIssue PriceChange

1

Rishabhdev Technocable Ltd

29-Jun-09

42

3.95

33

-88.03

2

Euro Multivision Ltd

15-Oct-09

70

13.6

75

-81.87

3

Raj Oil Mills Ltd

12-Aug-09

125.05

33.1

120

-72.42

4

Excel Infoways Ltd

3-Aug-09

93.05

30.05

85

-64.65

5

Thinksoft Global Services Ltd

26-Oct-09

100

52.4

125

-58.08

6

Indiabulls Power Ltd

30-Oct-09

44.95

21.1

45

-53.11

7

Den Networks Ltd

24-Nov-09

195

102.5

195

-47.44

8

Astec Lifesciences Ltd

25-Nov-09

85.55

50.35

82

-38.6

9

NHPC Ltd

1-Sep-09

39

24.8

36

-31.11

10

Adani Power Ltd

20-Aug-09

105

112.2

100

12.2

11

Jindal Cotex Ltd

22-Sep-09

75

89.1

75

18.8

12

Cox & Kings (India) Ltd

11-Dec-09

304.1

403.5

330

22.27

13

Mahindra Holidays & Resorts India Ltd

16-Jul-09

315

367.9

300

22.63

14

Oil India Ltd

30-Sep-09

1019

1379.55

1050

31.39

15

Globus Spirits Ltd

23-Sep-09

110

140

100

40

16

Pipavav Shipyard Ltd

9-Oct-09

60.05

83.3

58

43.62

17

Edserv Softsystems Ltd

2-Mar-09

55

136.55

60

127.58

IPO 2008 Performance

S. No.CompanyList DateList PriceCurrent PriceIssue PriceChange

1

Resurgere Mines & Minerals India Ltd

1-Sep-08

272.05

0.59

270

-99.78

2

Greenearth Resources & Projects Ltd

4-Sep-08

206

3.17

196

-98.38

3

Anu's Laboratories Ltd

4-Jun-08

260

3.53

210

-98.32

4

Sejal Glass Ltd

1-Jul-08

110

3.85

115

-96.65

5

Birla Cotsyn India Ltd

30-Jul-08

14.7

0.52

14

-96.29

6

Nu Tek India Ltd

27-Aug-08

201.1

8.05

192

-95.81

7

Vishal Information Technologies Ltd

11-Aug-08

150

7.44

150

-95.04

8

Gammon Infrastructure Projects Ltd

3-Apr-08

180

17.85

167

-89.31

9

Porwal Auto Components Ltd

14-Jan-08

79.85

8.91

75

-88.12

10

First Winner Industries Ltd

8-Jul-08

125

17.8

125

-85.76

11

Bang Overseas Ltd

20-Feb-08

207

37.5

207

-81.88

12

Future Capital Holdings Ltd

1-Feb-08

1044

139.7

765

-81.74

13

Tulsi Extrusions Ltd

25-Feb-08

93.45

15.6

85

-81.65

14

Sita Shree Food Products Ltd

7-Apr-08

30

6.15

30

-79.5

15

Niraj Cement Structurals Ltd

19-Jun-08

185

39.75

190

-79.08

16

Archidply Industries Ltd

4-Jul-08

74.55

15.7

74

-78.78

17

OnMobile Global Ltd

19-Feb-08

440

109.65

440

-75.08

18

Cords Cable Industries Ltd

13-Feb-08

130

34.15

135

-74.7

19

Reliance Power Ltd

11-Feb-08

547.8

115.8

450

-74.27

20

Chemcel Biotech Ltd

13-Oct-08

16

5

16

-68.75

21

Lotus Eye Care Hospital Ltd

11-Jul-08

35

11.89

38

-68.71

22

Aishwarya Telecom Ltd

7-May-08

50.1

13.4

35

-61.71

23

Somi Conveyor Beltings Ltd

24-Jul-08

37.65

15.4

35

-56

24

GSS America Infotech Ltd

7-Mar-08

400

176.45

400

-55.89

25

KSK Energy Ventures Ltd

14-Jul-08

220

114.45

240

-52.31

26

Manaksia Ltd

8-Jan-08

200

78.1

160

-51.19

27

Shriram EPC Ltd

20-Feb-08

290

148.75

300

-50.42

28

Gokul Refoils and Solvent Ltd

4-Jun-08

203.45

101.15

195

-48.13

29

Alkali Metals Ltd

6-Nov-08

90

54.05

103

-47.52

30

Avon Corporation Ltd

3-Jul-08

13.9

5.32

10

-46.8

31

KNR Constructions Ltd

18-Feb-08

180

103.35

170

-39.21

32

Precision Pipes & Profiles Company Ltd

11-Jan-08

160

99.75

150

-33.5

33

Burnpur Cement Ltd

3-Jan-08

18.45

8.22

12

-31.5

34

Titagarh Wagons Ltd

21-Apr-08

550

371.15

540

-31.27

35

20 Microns Ltd

6-Oct-08

50

40.8

55

-25.82

36

IRB Infrastructure Developers Ltd

25-Feb-08

170.05

157.15

185

-15.05

37

Aries Agro Ltd

11-Jan-08

150

118

130

-9.23

38

Tata Steel Ltd

23-Jan-08

680

589.05

610

-3.43

39

BGR Energy Systems Ltd

3-Jan-08

801

484.7

480

0.98

40

Bafna Pharmaceuticals Ltd

27-Jun-08

43.8

41.35

40

3.38

41

Rural Electrification Corporation Ltd

12-Mar-08

125

223.95

203

10.32

42

J Kumar Infraprojects Ltd

12-Feb-08

100

148.75

110

35.23

43

Kiri Dyes & Chemicals Ltd

22-Apr-08

151

250.25

150

66.83

44

Manjushree Technopack Ltd

28-Feb-08

48

80.9

45

79.78

45

V-Guard Industries Ltd

13-Mar-08

82.15

190.15

82

131.89

IPO 2007 Performance

S. No.CompanyList DateList PriceCurrent PriceIssue PriceChange

1

Edelweiss Capital Ltd

12-Dec-07

1443.75

34.7

825

-95.79

2

Dhanus Technologies Ltd

17-Oct-07

300.2

15.65

295

-94.69

3

Take Solutions Ltd

27-Aug-07

876

39.65

730

-94.57

4

Glory Polyfilms Ltd

18-Jun-07

50

3.24

48

-93.25

5

Consolidated Construction Consortium Ltd

15-Oct-07

801

37.15

510

-92.72

6

Koutons Retail India Ltd

12-Oct-07

515

31.75

415

-92.35

7

IVRCL Assets & Holdings Ltd

16-Aug-07

500

60.7

550

-88.96

8

Vishal Retail Ltd

4-Jul-07

472.5

29.85

270

-88.94

9

Decolight Ceramics Ltd

19-Jun-07

57

7.52

54

-86.07

10

Motilal Oswal Financial Services Ltd

11-Sep-07

999

116.4

825

-85.89

11

Alpa Laboratories Ltd

6-Aug-07

60

10.65

68

-84.34

12

MIC Electronics Ltd

30-May-07

210.25

23.7

150

-84.2

13

Dagger-Forst Tools Ltd

1-Oct-07

43

7.42

45

-83.51

14

Roman Tarmat Ltd

9-Jul-07

295

29.5

175

-83.14

15

Kaushalya Infrastructure Development Corpn Ltd

14-Dec-07

67.9

10.8

60

-82

16

Time Technoplast Ltd

13-Jun-07

415.55

58.75

315

-81.35

17

SEL Manufacturing Company Ltd

21-Aug-07

87.9

17.8

90

-80.22

18

Magnum Ventures Ltd

20-Sep-07

36.95

6.45

30

-78.5

19

Brigade Enterprises Ltd

31-Dec-07

399.7

89

390

-77.18

20

Puravankara Projects Ltd

30-Aug-07

399

94.5

400

-76.38

21

Hilton Metal Forging Ltd

24-May-07

75

16.8

70

-76

22

Rathi Bars Ltd

23-Nov-07

38

8.7

35

-75.14

23

Empee Distilleries Ltd

26-Nov-07

400

111.45

400

-72.14

24

Kolte Patil Developers Ltd

13-Dec-07

220

41.35

145

-71.48

25

Circuit Systems (India) Ltd

2-Nov-07

42

10

35

-71.43

26

Housing Development & Infrastructure Ltd

24-Jul-07

567.5

146.85

500

-70.63

27

Indowind Energy Ltd

14-Sep-07

80.25

19.8

65

-69.54

28

Mundra Port & Special Economic Zone Ltd

27-Nov-07

770

135.45

440

-69.22

29

Allied Digital Services Ltd

25-Jul-07

332.5

61.25

190

-67.76

30

Jyothy Laboratories Ltd

19-Dec-07

799

227.25

690

-67.07

31

Advanta India Ltd

19-Apr-07

640

214.75

640

-66.45

32

Allied Computers International (Asia) Ltd

23-Nov-07

21

4.19

12

-65.08

33

Nelcast Ltd

27-Jun-07

252.05

92.25

219

-57.88

34

DLF Ltd

5-Jul-07

582

221.75

525

-57.76

35

Omaxe Ltd

9-Aug-07

400

131.7

310

-57.52

36

Refex Refrigerants Ltd

20-Aug-07

69.1

28.25

65

-56.54

37

Orbit Corporation Ltd

12-Apr-07

90

48.2

110

-56.18

38

Barak Valley Cements Ltd

23-Nov-07

65

19.75

42

-52.98

39

Maytas Infra Ltd

25-Oct-07

480

177.4

370

-52.05

40

Celestial Biolabs Ltd

17-Jul-07

70

30.45

60

-49.25

41

Nitin Fire Protection Industries Ltd

5-Jun-07

332.5

96.45

190

-49.24

42

Saamya Biotech (India) Ltd

19-Oct-07

17.5

5.3

10

-47

43

Asian Granito India Ltd

23-Aug-07

100.15

52.25

97

-46.13

44

Transformers & Rectifiers India Ltd

28-Dec-07

701.1

256

465

-44.95

45

Surya Chakra Power Corporation Ltd

23-Jul-07

30

12.3

20

-38.5

46

BEML Ltd

17-Jul-07

1199

661.9

1075

-38.43

47

Ankit Metal & Power Ltd

10-Jul-07

37.9

22.6

36

-37.22

48

Renaissance Jewellery Ltd

12-Dec-07

190

95.15

150

-36.57

49

Meghmani Organics Ltd

28-Jun-07

33.25

13.28

19

-30.11

50

Simplex Projects Ltd

3-Aug-07

323.75

135

185

-27.03

51

K P R Mill Ltd

28-Aug-07

201.2

166.6

225

-25.96

52

Asahi Songwon Colors Ltd

4-Jun-07

93

73.65

90

-18.17

53

NTPC Ltd

5-Nov-04

70

180.25

201

-10.32

54

Power Finance Corporation Ltd

23-Feb-07

104

214.05

0

0

55

Power Grid Corporation of India Ltd

5-Oct-07

85

102.35

90

13.72

56

ICICI Bank Ltd

6-Jul-07

995

1074.9

940

14.35

57

Zylog Systems Ltd

17-Aug-07

525

407.45

350

16.41

58

Binani Cement Ltd

28-May-07

75

90.5

75

20.67

59

Spice Communications Ltd(merged)

19-Jul-07

55.75

56.75

46

23.37

60

Central Bank of India

21-Aug-07

130.1

128.35

102

25.83

61

Omnitech Infosolutions Ltd

14-Aug-07

183.75

141.8

105

35.05

62

Fortis Healthcare Ltd

9-May-07

105

152.3

108

41.02

63

Supreme Infrastructure India Ltd

18-Oct-07

189

231.4

108

114.26

64

eClerx Services Ltd

31-Dec-07

320

706.35

315

124.24

65

Kaveri Seed Company Ltd

4-Oct-07

201.15

384.3

170

126.06

66

Bhagwati Banquets & Hotels Ltd

17-May-07

46.35

91.55

40

128.88

67

Insecticides India Ltd

30-May-07

105

290.45

115

152.57

68

Religare Enterprises Ltd

21-Nov-07

323.75

478.4

185

158.59

69

ICRA Ltd

13-Apr-07

525

1085.5

330

228.94

70

Varun Industries Ltd

22-Nov-07

105

221.1

60

268.5

71

Everonn Education Ltd

1-Aug-07

245

566.1

140

304.36

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