IPO Watch: Nearly 45% of newly listed companies trading below issue price; Paytm, CarTrade, Fino Payments top laggards

Around 45 for every cent of the not long ago shown businesses in the final one particular yr are buying and selling down below their offer prices, according to domestic brokerage business Motilal Oswal’s report. Out of the 138 new listings in the very last one particular yr close to 61 companies are buying and selling beneath their present price tag, the domestic brokerage claimed even further in its report.

The report highlights the stock cost performance of 35 providers with an challenge sizing of more than Rs 1000 crore. Out of these 35 corporations with earlier mentioned Rs 1000 crore concern dimension, 6 organizations are investing 50 for each cent better than their supply price. 

 One-97 Communications-backed Paytm is the largest laggard as its share price tag is down by pretty much 70 for each cent from difficulty selling price, adopted by CarTrade Tech which is down by 61 for every cent. Meanwhile, Fino Payments is down 56 for every cent and Nuvoco Vistas and Krsnaa Diagnostics are down all around 47 for each cent, each and every. 

Edible oil company Adani Wilmar tops the chart with over 190 per cent surge in the inventory price from its issue selling price, followed by Clean Science which is up over 95 for every cent. Sona BLW Precision is up about 90 for every cent whilst Devyani Global is up approximately 90 for each cent, and Ruchi Soya up 68 for each cent. 

Other organizations that have documented advancement are – KIMS Healthcare facility, Go Style, Powergrid Infra, FSN E-Commerce Ventures (Nykaa), CE Infosystems, Campus Activewear, Metro Makes, Vedant Fashions every up among 16-60 for each cent in the just one final calendar year from their concern price, the brokerage reported. 

Though other lately listed corporations these as Tarsons Merchandise, Delhivery, Medplus Wellness and CMS Infosystems attained marginally in the variety of 8-9 for each cent from the problem price.  

Conversely, Glenmark Existence and Aditya Birla AMC are down by 41 for each cent, adopted by Vijaya Diagnostics, and RateGain Vacation every down 32 for every cent from the situation price. Although Star Health and fitness, Aptus Price, Chemplast Sanmar, Sapphire Meals are each down concerning 10-25 per cent from the challenge value.