 "15 of 25 IPO stocks trade at premium")
Equitas Holdings, a leading player in microfinance segment, on Thursday made a strong debut on the bourses as the scrip got listed at Rs 145, registering a premium of 32% over its issue price of Rs 110 per share.
Investors in the primary market have recorded mixed returns. As many as 15 initial public offers (IPOs) that have been listed on the country's stock exchanges in the last one year have generated positive returns and are trading above their respective issue price.
A total of 25 firms have launched IPOs and collectively raised Rs 16,675 crore through primarily market from April 1, 2015 to date. Of these, 15 companies have given positive returns to investors, while the remaining 10 have been trading below their issue price.
Ten public issues have posted gains of over 20% over their issue prices, of which four appreciated more than 50% each.
Among the new listings, VRL Logistics has seen its stock price more than double compared to the issue price. The shares of VRL Logistics was trading at Rs 413 on the BSE, surging 101% against issue price of Rs 288.
Investors in the primary market have recorded mixed returns. As many as 15 initial public offers (IPOs) that have been listed on the country's stock exchanges in the last one year have generated positive returns and are trading above their respective issue price.
A total of 25 firms have launched IPOs and collectively raised Rs 16,675 crore through primarily market from April 1, 2015 to date. Of these, 15 companies have given positive returns to investors, while the remaining 10 have been trading below their issue price.
Ten public issues have posted gains of over 20% over their issue prices, of which four appreciated more than 50% each.
Among the new listings, VRL Logistics has seen its stock price more than double compared to the issue price. The shares of VRL Logistics was trading at Rs 413 on the BSE, surging 101% against issue price of Rs 288.
Shree Pushkar Chemicals & Fertilisers (up 98%), Dr Lal PathLabs (80%) and Manpasand Beverages (72%) have gained more than 50% each.
Further, Syngene International, PNC Infratech, S H Kelkar & Company, InterGlobe Aviation (IndiGo), Navkar Corporation, Alkem Laboratories, Narayana Hrudayalaya and Infibeam Incorporation too have rewarded their investors with positive returns of more than 10% each.
In past one-year, the S&P BSE IPO index has outperformed the market by gaining 4% as compared to 6% decline in the benchmark S&P BSE Sensex.
However, MEP Infrastructure Developers, Coffee Day Enterprise, Precision Camshafts and Quick Heal Technologies failed to excite markets and are down over 20% each.
The stocks of UFO Moviez India, Pennar Engineered Building Systems, HealthCare Global Enterprises, Power Mech Projects, Sadbhav Infrastructure Project and Bharat Wire Ropes are trading below their respective issue price.
| Name | Issue price | LTP* | % chg |
| VRL Logistics | 205.00 | 413.00 | 101.46 |
| Shree Pushkar Chemicals | 65.00 | 128.90 | 98.31 |
| Dr Lal Pathlabs | 550.00 | 989.00 | 79.82 |
| Manpasand Beverages | 320.00 | 550.10 | 71.91 |
| Syngene International | 250.00 | 370.00 | 48.00 |
| PNC Infratech | 378.00 | 526.00 | 39.15 |
| S H Kelkar & Company | 180.00 | 246.10 | 36.72 |
| Interglobe Aviation | 765.00 | 1001.55 | 30.92 |
| Equitas Holdings | 110.00 | 139.95 | 27.23 |
| Navkar Corporation | 155.00 | 188.80 | 21.81 |
| Alkem Laboratories | 1050.00 | 1251.00 | 19.14 |
| Narayana Hrudayalaya | 250.00 | 297.60 | 19.04 |
| Infibeam Incorporation | 432.00 | 489.80 | 13.38 |
| Prabhat Dairy | 115.00 | 122.00 | 6.09 |
| Team Lease Services | 850.00 | 882.00 | 3.76 |
| Bharat Wire Ropes | 45.00 | 44.30 | -1.56 |
| Sadbhav Infra Projects | 103.00 | 100.80 | -2.14 |
| Power Mech Projects | 640.00 | 585.00 | -8.59 |
| Healthcare Global Ent | 218.00 | 189.90 | -12.89 |
| Pennar Engg | 178.00 | 150.00 | -15.73 |
| UFO Moviez India | 625.00 | 521.10 | -16.62 |
| Precision Camshafts | 186.00 | 148.70 | -20.05 |
| Quick Heal Technologies | 321.00 | 245.30 | -23.58 |
| Coffee Day Enterprises | 328.00 | 248.30 | -24.30 |
| MEP Infra | 63.00 | 40.75 | -35.32 |
| *LTP : Last traded price on BSE in Rs at 12:52 pm. | |||
| Source: CapitalinePlus/BSE | |||
