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Biggest IPO Failures in India 2007

The performance of an IPO is measured based on its price movements on the listing day. When the closing price of the IPO on the listing day is below the issue price, the IPO is said to have flopped.

The listing day is viewed as an important day for many investors who wish to make quick profits by selling the IPO shares on that day. The real demand and value of the share gets assessed on the listing day when the share becomes accessible to all who missed to buy the IPO shares or did not get an allotment.

An IPO can fail on account of many factors that may include issue with company fundamentals, management, wrong timing, incorrect valuation, lack of planning, etc. Thus, an investor should assess the company well before investing the hard earned money.

Biggest IPO Flops 2007

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Oriental Trimex LimitedOriental Trimex Limited IPO detailOriental Trimex Limited Share Price, Chart and TipsMainlineMar 07, 2007Rs 48.00 Cr1.05xRs 48.00Rs 29.45 (-38.65%)Rs 8.70 (-81.88%)Rs 14.45 (Feb 20, 2024)Rs 5.15 (Jul 24, 2023)
Mudra Lifestyle LimitedMudra Lifestyle Limited IPO detailMudra Lifestyle Limited Share Price, Chart and TipsMainlineMar 09, 2007Rs 86.22 Cr4.59xRs 90.00Rs 63.80 (-29.11%)Rs 7.87 (-91.26%)Rs 13.35 (Feb 08, 2024)Rs 5.31 (Aug 02, 2023)
K.P.R. Mill LimitedK.P.R. Mill Limited IPO detailK.P.R. Mill Limited Share Price, Chart and TipsMainlineAug 28, 2007Rs 133.02 Cr1.19xRs 225.00Rs 173.50 (-22.89%)Rs 848.15 (3669.56%)Rs 928.15 (Nov 22, 2023)Rs 551.50 (May 10, 2023)
Page Industries Ltd (Jockey India)Page Industries Ltd (Jockey India) IPO detailPage Industries Ltd (Jockey India) Share Price, Chart and TipsMainlineMar 16, 2007Rs 100.94 Cr1.44xRs 360.00Rs 282.10 (-21.64%)Rs 34,721.10 (9544.75%)Rs 43,570.00 (May 16, 2023)Rs 33,070.05 (Mar 20, 2024)
Empee Distilleries LimitedEmpee Distilleries Limited IPO detailEmpee Distilleries Limited Share Price, Chart and TipsMainlineNov 26, 2007Rs 192.00 Cr6.87xRs 400.00Rs 317.90 (-20.53%)
Alpa Laboratories LimitedAlpa Laboratories Limited IPO detailAlpa Laboratories Limited Share Price, Chart and TipsMainlineAug 06, 2007Rs 64.60 Cr1.11xRs 68.00Rs 55.60 (-18.24%)Rs 94.75 (39.34%)Rs 115.00 (Feb 07, 2024)Rs 53.85 (Apr 03, 2023)
C & C Constructions LimitedC & C Constructions Limited IPO detailC & C Constructions Limited Share Price, Chart and TipsMainlineFeb 26, 2007Rs 124.24 Cr20.25xRs 291.00Rs 239.90 (-17.56%)Rs 2.36 (-99.19%)Rs 2.43 (Oct 27, 2022)Rs 2.23 (Oct 27, 2022)
House of Pearl Fashions LtdHouse of Pearl Fashions Ltd IPO detailHouse of Pearl Fashions Ltd Share Price, Chart and TipsMainlineFeb 15, 2007Rs 329.17 Cr3.91xRs 550.00Rs 469.40 (-14.65%)Rs 583.35 (112.13%)Rs 735.40 (Oct 17, 2023)Rs 202.83 (Apr 03, 2023)
Lawreshwar Polymers LtdLawreshwar Polymers Ltd IPO detailLawreshwar Polymers Ltd Share Price, Chart and TipsMainlineMar 19, 2007Rs 13.94 CrRs 16.00Rs 14.00 (-12.5%)Rs 141.75 (785.94%)Rs 179.00 (Aug 31, 2023)Rs 91.25 (May 10, 2023)
Raj Television Network LtdRaj Television Network Ltd IPO detailRaj Television Network Ltd Share Price, Chart and TipsMainlineMar 16, 2007Rs 91.70 Cr3.04xRs 257.00Rs 225.95 (-12.08%)Rs 96.43 (-24.96%)Rs 75.25 (Jan 23, 2024)Rs 39.50 (Apr 03, 2023)
Puravankara Projects LimitedPuravankara Projects Limited IPO detailPuravankara Projects Limited Share Price, Chart and TipsMainlineAug 30, 2007Rs 858.70 Cr1.91xRs 400.00Rs 361.75 (-9.56%)Rs 395.00 (97.5%)Rs 268.95 (Jan 30, 2024)Rs 65.40 (Apr 03, 2023)
Transwarranty Finance LtdTranswarranty Finance Ltd IPO detailTranswarranty Finance Ltd Share Price, Chart and TipsMainlineFeb 26, 2007Rs 31.20 Cr1.59xRs 52.00Rs 47.25 (-9.13%)Rs 13.74 (-73.58%)Rs 15.50 (Dec 07, 2023)Rs 7.90 (Apr 11, 2023)
Astral Poly Technik LimitedAstral Poly Technik Limited IPO detailAstral Poly Technik Limited Share Price, Chart and TipsMainlineMar 20, 2007Rs 34.17 CrRs 115.00Rs 104.55 (-9.09%)Rs 2,069.25 (17893.48%)Rs 2,143.80 (Mar 05, 2024)Rs 1,327.00 (Apr 03, 2023)
Rathi Bars LtdRathi Bars Ltd IPO detailRathi Bars Ltd Share Price, Chart and TipsMainlineNov 23, 2007Rs 25.00 CrRs 35.00Rs 31.90 (-8.86%)Rs 42.58 (21.66%)Rs 56.42 (Jan 29, 2024)Rs 20.40 (Jun 14, 2023)
Fortis Healthcare LtdFortis Healthcare Ltd IPO detailFortis Healthcare Ltd Share Price, Chart and TipsMainlineMay 09, 2007Rs 496.76 Cr2.78xRs 108.00Rs 100.00 (-7.41%)Rs 451.70 (318.24%)Rs 469.70 (Feb 06, 2024)Rs 251.00 (Apr 06, 2023)
Jagjanani Textiles LimitedJagjanani Textiles Limited IPO detailJagjanani Textiles Limited Share Price, Chart and TipsMainlineMar 19, 2007Rs 20.25 CrRs 25.00Rs 23.15 (-7.4%)Rs 11.09 (-55.64%)Rs 21.76 (Dec 01, 2023)Rs 5.26 (May 05, 2023)
SMS Pharmaceuticals LimitedSMS Pharmaceuticals Limited IPO detailSMS Pharmaceuticals Limited Share Price, Chart and TipsMainlineFeb 28, 2007Rs 97.93 Cr2.64xRs 380.00Rs 357.85 (-5.83%)Rs 200.90 (428.68%)Rs 198.00 (Mar 18, 2024)Rs 58.55 (Apr 03, 2023)
Nelcast LimitedNelcast Limited IPO detailNelcast Limited Share Price, Chart and TipsMainlineJun 27, 2007Rs 95.27 Cr7.36xRs 219.00Rs 206.25 (-5.82%)Rs 163.70 (273.74%)Rs 194.30 (Nov 09, 2023)Rs 87.30 (Apr 03, 2023)
Insecticides India LtdInsecticides India Ltd IPO detailInsecticides India Ltd Share Price, Chart and TipsMainlineMay 30, 2007Rs 36.92 Cr1.97xRs 115.00Rs 109.50 (-4.78%)Rs 578.95 (403.43%)Rs 727.00 (Jan 04, 2024)Rs 414.05 (Jul 14, 2023)
Refex Refrigerants LimitedRefex Refrigerants Limited IPO detailRefex Refrigerants Limited Share Price, Chart and TipsMainlineAug 20, 2007Rs 24.70 CrRs 65.00Rs 62.00 (-4.62%)Rs 160.90 (1137.69%)Rs 184.80 (Aug 02, 2023)Rs 47.71 (Apr 03, 2023)
Technocraft Industries (India) LtdTechnocraft Industries (India) Ltd IPO detailTechnocraft Industries (India) Ltd Share Price, Chart and TipsMainlineFeb 12, 2007Rs 87.36 Cr10.67xRs 105.00Rs 100.90 (-3.9%)Rs 2,225.15 (2019.19%)Rs 2,725.00 (Dec 18, 2023)Rs 1,219.80 (Apr 03, 2023)
Hilton Metal Forging LtdHilton Metal Forging Ltd IPO detailHilton Metal Forging Ltd Share Price, Chart and TipsMainlineMay 24, 2007Rs 38.15 CrRs 70.00Rs 67.60 (-3.43%)Rs 115.50 (65%)Rs 174.00 (Jun 19, 2023)Rs 96.80 (Apr 01, 2024)
Brigade Enterprises LimitedBrigade Enterprises Limited IPO detailBrigade Enterprises Limited Share Price, Chart and TipsMainlineDec 31, 2007Rs 648.36 Cr13.07xRs 390.00Rs 378.55 (-2.94%)Rs 1,022.65 (162.22%)Rs 1,108.00 (Feb 07, 2024)Rs 465.35 (Apr 05, 2023)
Asian Granito India LtdAsian Granito India Ltd IPO detailAsian Granito India Ltd Share Price, Chart and TipsMainlineAug 23, 2007Rs 67.90 Cr4.51xRs 97.00Rs 94.75 (-2.32%)Rs 61.72 (-36.37%)Rs 86.10 (Nov 06, 2023)Rs 35.40 (Apr 03, 2023)
Cinemax India LtdCinemax India Ltd IPO detailCinemax India Ltd Share Price, Chart and TipsMainlineFeb 14, 2007Rs 138.26 Cr42.32xRs 155.00Rs 152.35 (-1.71%)Rs 124.50 (60.65%)Rs 184.90 (Feb 05, 2024)Rs 71.65 (May 22, 2023)
Asahi Songwon Colors LtdAsahi Songwon Colors Ltd IPO detailAsahi Songwon Colors Ltd Share Price, Chart and TipsMainlineJun 04, 2007Rs 33.50 Cr1.85xRs 90.00Rs 89.95 (-0.06%)Rs 367.65 (308.5%)Rs 349.30 (Mar 11, 2024)Rs 182.80 (Apr 05, 2023)
  • The above list represents data from 2007 till date.
  • The current market price may not be a true reflection of the IPO performance as of today as it is includes the effect of price change on account of corporate actions like stock split, bonus (if any) till date.