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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.
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.
Emkay Shares , which listed on April 28, on the other hand, has been the worst performer so far with investors losing 43.58% per share against the offer price of Rs 120.
Deep Industries and KEW Industries , which listed on the bourses on September 25 with steep discounts to their offer prices, have once again brought the IPO market into the limelight.
Both of them debuted with a loss of more than 20% to the price at which the investors got these shares during the respective IPOs. Both are smallcap companies with a market cap of Rs 55.8 crore and Rs 30.4 crore respectively.
However, Atlanta , which also listed on September 25, closed with superior returns of 28.2%. The stock closed at Rs 192.30 against the issue price of Rs 150. Moreover, ACE that listed today, too, closed bullish with a listing-day gain of 48.8%.
Talking about the best IPO performers Tech Mahindra closed at Rs 593.7 on September 25 compared to its IPO price of Rs 365 and Kamdhenu Ispat notched sterling gains of 59.8% in the past four months since its listing on May 9.
