77% IPOs give positive returns in 2007

Published on Mon, Dec 31, 2007 at 15:56 |  Source : CNBC-TV18

Updated at Tue, Jan 01, 2008 at 15:22  

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A total of 101 IPOs listed in the year of 2007. 78 IPOs gave positive returns while the balance remained below issue price.

23 IPOs offered over 100% returns and 3 stocks jumped over 500%. Orbit Corp was the best performing IPO in 2007 whereas Broadcast Initiatives was worst performing.

Money-makers in 2007

Company

Issue Price

% Gain/Loss

Orbit Corporation

110

754.55

Everonn Systems

140

645.07

MIC Electronics

150

512

Pyramid Saimira

100

434.1

Allied Computer

12

415.42

GBN

250

316.8

Gremach Infra

86

307.21

Allied Digital

190

291.05

Redington

113

273.76

Vishal Retail

270

250.37

Losers in 2007

Hilton Metal

70

-26.07

Asahi Songwon

90

-26.67

Alpa Laboratori

68

-26.99

Decolight Ceram

54

-29.26

Abhishek Mills

100

-31.35

Jagjanani Text

25

-36.88

Oriental Trimex

48

-37.92

Vijayeswari Tex  

100

-44.5

House of Pearl          

550

-48.91

Broadcast

120

-50.83

  

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