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IPO Update: Mishra Dhatu the best, Apollo Micro System the worst

Gayathri Udyawar
/ Categories: Mindshare, IPO, Markets
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Of the 13 IPOs that got listed on the exchanges in the calendar year 2018, only 5 are trading above their listing price.

The impact of correction in the equity market is directly reflected in the performance of stocks that were listed on the exchanges in 2018. Considering the closing price on Monday, April 16, of the 13 IPOs that were listed on the major exchanges, 7 are trading below their listing day price and only 5 are trading above their debut price.  The value of one stock, ICICI Securities is almost unchanged.    

Defence PSU Mishra Dhatu, although has listed in the first week of April, has posted the best gains with the stock trading up by 53 per cent of its listed price. The other two stocks that have appreciated well are Karda Construction and HG Infra trading up by 36 per cent and 24 per cent, respectively.

Among the new IPOs that have lost considerable value are Apollo Micro System and Shiva Mills, with their stock trading down by 48 per cent and 40 per cent, respectively.

Here is a comparison of IPOs listed in 2018:

Company

Listing Date

Listing Price

Last Traded Price

Per cent Change

Apollo Micro Systems Ltd.

22/01/2018

478.00

250.50

-48%

Newgen Software Technologies Ltd.

29/01/2018

253.00

240.15

-5%

Amber Enterprises India Ltd.

30/01/2018

1180.00

1120.35

-5%

Praxis Home Retail Ltd.

31/01/2018

315.00

254.65

-19%

Galaxy Surfactants Ltd.

08/02/2018

1520.00

1348.30

-11%

Shiva Mills Ltd.

26/02/2018

100.80

60.50

-40%

HG Infra Engineering Ltd.

09/03/2018

270.00

335.50

24%

Bharat Dynamics Ltd.

23/03/2018

360.00

398.45

11%

Hindustan Aeronautics Ltd.

28/03/2018

1169.00

1147.35

-2%

Karda Constructions Ltd.

02/04/2018

136.00

184.75

36%

ICICI Securities Ltd.

04/04/2018

431.10

429.30

0%

Mishra Dhatu Nigam Ltd.

04/04/2018

87.00

133.30

53%

Lemon Tree Hotels Ltd.

09/04/2018

61.60

67.20

9%


Although it cannot be ruled out that some IPOs were overpriced, the volatility in the equity markets seems to have battered the newcomers considerably. 

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