The last one year has seen far fewer Initial Public Offerings (IPOs). As is the case in the past, most of the IPOs have left investors with losses. Take a look at some of the performers and the laggards.
Until last trading day, shares yielded negative returns
The credit-rating company issued its IPO in the last month of the calendar year 2012. With a minimum bid for 20 shares and offer price of Rs. 700, the shares were offered to the investors at the price of Rs. Rs. 750. The stock of the company last closed at a price of Rs. 560. So, since the issue date price of the stock has witnessed a change of -25.33%.
IPO for PC Jeweller issued around the same time as CARE
IPO of PC Jeweller opened for subscription around the same time as the CARE IPO. Issued at a price of Rs. 135, the stock was last trading at a price of 103.85. So, until now, the stock has provided negative returns to the investors to the tune of -23.07%.
Stock listed below the offer price at a discount of 9%
Issued at a price of Rs. 220 to investors other than retail investors, the stock got listed on the exchange at a discount of 9% on the listing date at Rs 200. And the previous day closing price of the stock stood at Rs. 160.10. So, until now, the investment into the IPO has yielded a negative return of -27.23%.
Yielded positive returns
Repco Home Finance IPO, a fully-owned subsidiary of Repco Bank, engaged in providing home loans and loans against property in Tier II and Tier III cities came up with its IPO in March 2013. The shares were offered to investors at a premium of Rs. 162 to the face value of Rs. 10. The stock listed on the exchange on 1st April' 2013 last closed at a price of Rs. 241.15. So, until the previous close, investors earned returns of the order of 40.2%.
Financial services company yielded substantial gains of 595%
The company with operations in the area of stock broking issued shares to the subscribers of the issue at a price of Rs. 20. Since listing on the bourses on April 5, 2013, the stocks has made huge gains and last closed at a price of Rs. 139. So, stocks of GCM securities have until now yielded returns to the tune of 595%.
Issued at a price of RS. 530, previous day closing price of the stock was 785.05
IPO of the search service provider that opened for subscription on May 20, 2013 has yielded considerable returns of 48.12% in a span of just 4 months. Issued at a price of Rs. 530, shares of the company last closed at a price of Rs. 785.05.