Recently listed stocks trade below offer price

by khalid on 31/10/2009 · 0 comments

14910253_BSE_IPO_120x75

For investors who weren’t lucky enough to be allotted shares in recent IPOs (initial public offerings), last week’s downtrend of market presented a fresh entry point to these stocks at bargain prices.

There are 14 companies listed on the exchanges in 2009. Shares of nine companies were trading below their issue prices while five were above the issue prices, according the closing prices as on 30th October 09.

Edserv Soft jumped over 200% and Thinksoft shot up over 81%. However, Rishabhdev Tech and Raj Oil Mills fell the maximum over 40%.

Three power stocks also slipped below issue price. Out of which, Indiabulls Power listed on 30th Oct 09 and closed below its issue price of Rs 45 on first day.

EquityIssue Price Rs.Current Price Rs.Gain/Loss %
EuroMult75 31.65 -57.8
Raj Oil Mills120 62.35 -48.04
Rishabhdev33 19.55 -40.76
Globus Spirits 100 78.3 -21.7
Excel Infoways 85 70.95 -16.53
NHPC36 30.5 -15.28
India B Power45 39.25 -12.78
Pipavav58 53 -8.62
Adani Power100 97.8 -2.2
Oil India 1050 1113.7 6.07
Jindal Cotex75 82.05 9.4
Mahindra Holiday300 342.2 14.07
Thinksoft125 226.7 81.36
Edserv Softsyst 60 189.7 216.1
Reblog this post [with Zemanta]
Related Posts Plugin for WordPress, Blogger...

Leave a Comment

Previous post:

Next post: