IPO Update: Mishra Dhatu the best, Apollo Micro System the worst
DSIJ IntelligenceCategories: IPO, Markets, Trending
Of the 13 IPOs that got listed on the exchanges in the calendar year 2018, only 5 are trading above their listing price.
Of the 13 IPOs that got listed on the exchanges in the calendar year 2018, only 5 are trading above their listing price.
The impact of correction in the equity market is directly reflected in the performance of stocks that were listed on the exchanges in 2018. Considering the closing price on Monday, April 16, of the 13 IPOs that were listed on the major exchanges, 7 are trading below their listing day price and only 5 are trading above their debut price. The value of one stock, ICICI Securities is almost unchanged.
Defence PSU Mishra Dhatu, although has listed in the first week of April, has posted the best gains with the stock trading up by 53
Among the new IPOs that have lost considerable value are Apollo Micro System and Shiva Mills, with their stock trading down by 48
Here is a comparison of IPOs listed in 2018:
| Company | Listing Date | Listing Price | Last Traded Price | |
| Apollo Micro Systems Ltd. | 22/01/2018 | 478.00 | 250.50 | -48% |
| Newgen Software Technologies Ltd. | 29/01/2018 | 253.00 | 240.15 | -5% |
| Amber Enterprises India Ltd. | 30/01/2018 | 1180.00 | 1120.35 | -5% |
| Praxis Home Retail Ltd. | 31/01/2018 | 315.00 | 254.65 | -19% |
| Galaxy Surfactants Ltd. | 08/02/2018 | 1520.00 | 1348.30 | -11% |
| Shiva Mills Ltd. | 26/02/2018 | 100.80 | 60.50 | -40% |
| HG Infra Engineering Ltd. | 09/03/2018 | 270.00 | 335.50 | 24% |
| Bharat Dynamics Ltd. | 23/03/2018 | 360.00 | 398.45 | 11% |
| Hindustan Aeronautics Ltd. | 28/03/2018 | 1169.00 | 1147.35 | -2% |
| Karda Constructions Ltd. | 02/04/2018 | 136.00 | 184.75 | 36% |
| ICICI Securities Ltd. | 04/04/2018 | 431.10 | 429.30 | 0% |
| Mishra Dhatu Nigam Ltd. | 04/04/2018 | 87.00 | 133.30 | 53% |
| Lemon Tree Hotels Ltd. | 09/04/2018 | 61.60 | 67.20 | 9% |
Although it cannot be ruled out that some IPOs were overpriced, the volatility in the equity markets seems to have battered the newcomers considerably.