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The best & worst IPO performers of 2006-07
Out of the 18 IPO issues that listed during the financial year 2006-07 till date Tech Mahindra has delighted investors the most with a return of 62.66% since its listing on August 28.
Investors are once again a worried lot after two latest entrants that debuted on September 25 closed at a steep discount of more than 20% to their offer price. While Deep Industries opened 22.5% below its issue price, the other debutant, KEW Industries, too, disillusioned the investors with a loss of 21.33%.
A host of IPO issues are in the pipeline and the caveat that IPO experts are offering is: Check out the company management, its earnings visibility and business fundamentals.
This fiscal year's best IPO performer Tech Mahindra holds itself quite formidably on all these three counts, they say. The other best performers since their listing this financial year include companies like Sun TV (42.42%), Voltamp Transformers (27.35%), Reliance Petroleum (11.67%) and Plethico Pharmaceuticals (11.4%).
