Over 60% of New Listings Trad­ing Be­low Their IPO Price

The Economic Times - - Companies -

New Delhi: More than half of the new en­trants to the stock mar­ket this year are trad­ing well be­low their IPO price, giv­ing neg­a­tive re­turns of as much as 31%.

Out of the six com­pa­nies that have launched their IPOs this year, four are still trad­ing be­low the price at which they had is­sued shares to the in­vestors, an anal­y­sis of the per­for­mance of th­ese firms showed. The other two have man­aged to make gains by stay­ing above their is­sue price.

Quick Heal Tech­nolo­gies which gotliste­d­inFe­bru­ary­has­tak­en­the steep­est hit as its shares have slumped 31% against its IPO price.

In t he c a s e o f Preci s i o n Camshafts, the first pub­lic of­fer­ing of 2016, its shares have fallen by over 17%. Sim­i­larly, shares of Health­Care Global En­ter­prises tum­bled 12.5% and that of Bharat WireRope­shavelost­morethan1%.

In con­trast, In­fibeam In­cor­po­ra­tion and Team­Lease Ser­vices have man­aged to stay afloat even as the broader mar­ket sen­ti­ment re­mained weak.

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