Latest Cairn India News
Nov 19, 2021
Paytm’s initial public offering, India’s largest to date, fell short of expectations on listing day, with the shares closing 27% below the issue price of Rs 2,150. In 2008, the streets were in a frenzy over Reliance Power’s Rs 10,123 crore IPO. The widely held view among investors was that the shares would be listed at twice the issue price, if not more. A large number of demat accounts were opened by retail investors who believed that it was easy to make money from the IPO. The hype about the Power of trust The IPO was similar to what new age companies are seeing today. The show was underwritten 72 times, leading many to believe that listing would be at a huge premium due to pent-up demand from investors who got no grants, or far fewer shares than that. what they bid for. But it didn’t have to be. Stocks opened with a slight premium but immediately dipped after that. The share closed at Rs 372, 17% below its issue price. It has never come close to its issue price in all these years. In November 2015, Coffee Day Businesses came out with a number of Rs 1,150 crore, which was subscribed 1.81 times. The shares fell more than 17% on the day of the listing. The IPO of ICICI Securities, valued at Rs 4,017 crore, also received a poor response from investors in April 2018, with the issue registering only 78% subscription the last. day of the tender process. However, including the anchor award, the show received a total of 87.9 percent of the bids. After the subscription, the company reduced the size of its IPO to Rs 3,500 crore and set the price of the shares at Rs 520 apiece. Although the flagship investors recovered nearly a third of the shares offered, ICICI Securities recorded a 16% discount and ultimately closed the day 14% below the issue price. In March of this year, Jewelers Kalyan raised Rs 1,175 crore through an IPO. The issue was subscribed 2.61 times led by retail investors who offered 2.82 times the shares offered. The QIBs portion was subscribed 2.76 times, according to exchange data. However, the company’s shares listed 15% below its issue price and closed more than 13% lower. Cairn India, Bharti Infratel, ICICI Prudential Life Insurance, Jaypee Infratech and Indiabulls Power are among other worst IPO debuts with size of Rs 1000 crore and above. Here is a list of the 10 worst mega IPOs of all time. SNO.