FY 2006 was a better year for IPOs

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FY 2006 was a better year for IPOs

Companies that came out with their initial public offerings, IPOs, seem to have performed better in the financial year 2006 than in financial year 2007.

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Companies that came out with their initial public offerings, IPOs, seem to have performed better in the financial year 2006 than in financial year 2007.

In FY 2007, 87 companies came out with their IPOs and amongst them stock prices of 39 companies have appreciated and are trading above their issue price. 

While in FY 2006, out of the 83 companies that came out with IPOs, 53 of them are trading strong as against their issue price. 

Tech Mahindra is leading the pack of companies that came out with IPOs in fiscal 2007. The company came out with the issue on August 1, 2006 and got listed on August 28. The offer price was at Rs 365 and it got listed at Rs 525. As against yesterday's( May 7, 2007) price and the price it was issued at, the stock has beefed up gains by 345.14%.

The second in line is Pyramid Saimira Theatre . The company had come with its IPO on Dec 11, 2006 at an issue price of Rs 100 and got listed on Jan 5, 2007. In five months the stock has gained by 256.55% as against its issue price.

Development Credit Bank has appreciated by 193.27% against its issue price. It came out with an issue price of Rs 26 in October 2006 and got listed at Rs 35. The other companies that have made it to this list are Atlanta , Global Broadcast News , Tantia Constructions , Info Edge India etc.

Educomp Solutions is the topmost company in the list of companies that came out with IPOs in fiscal 2006. This is follwed by Saksoft, Everest Kanto, Tulip IT, India Infoline etc.

Educomp Sols is trading at 948% gains against its issue price of 125%. The company got listed on Jan 13, 2006. Saksoft, Everest Kanto, Tulip IT and India Infoline are respectively trading above their issue price by 566.67%, 538.41%, 492.33%, 436.91%.

Saksoft got listed on Feb 24,2006, Everest Kanto on December 15 2005, Tulip IT on January 5,2006 and India Infoline on May 17, 2005.

Out of the total IPOs that came out in financial year 2006 and 2007, around 63% are trading above their issue prices in FY06 and 44% in FY05.

Tables on the next page

By- Piyu Sen