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Biggest IPO Failures in India 2008

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 2008

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
20 Microns Limited20 Microns Limited IPO detail20 Microns Limited Share Price, Chart and TipsMainlineSep 06, 2008Rs 23.93 Cr4.29xRs 55.00Rs 33.30 (-39.45%)Rs 169.85 (517.64%)Rs 201.00 (Dec 22, 2023)Rs 73.15 (Apr 03, 2023)
Birla Cotsyn (India) LimitedBirla Cotsyn (India) Limited IPO detailBirla Cotsyn (India) Limited Share Price, Chart and TipsMainlineJul 30, 2008Rs 144.18 Cr1.11xRs 14.00Rs 9.20 (-34.29%)
Archidply Industries LtdArchidply Industries Ltd IPO detailArchidply Industries Ltd Share Price, Chart and TipsMainlineJul 04, 2008Rs 48.96 Cr1.52xRs 74.00Rs 50.45 (-31.82%)Rs 110.00 (Feb 08, 2024)Rs 51.25 (Apr 03, 2023)
Sejal Architectural Glass LtdSejal Architectural Glass Ltd IPO detailSejal Architectural Glass Ltd Share Price, Chart and TipsMainlineJul 01, 2008Rs 105.73 Cr9.9xRs 115.00Rs 81.50 (-29.13%)Rs 340.40 (196%)
Somi Conveyor Beltings LimitedSomi Conveyor Beltings Limited IPO detailSomi Conveyor Beltings Limited Share Price, Chart and TipsMainlineJul 24, 2008Rs 21.80 CrRs 35.00Rs 25.90 (-26%)Rs 148.00 (322.86%)Rs 116.45 (Oct 31, 2023)Rs 32.20 (Feb 24, 2023)
KSK Energy Ventures LtdKSK Energy Ventures Ltd IPO detailKSK Energy Ventures Ltd Share Price, Chart and TipsMainlineJul 14, 2008Rs 830.66 Cr1.5xRs 240.00Rs 190.50 (-20.63%)Rs 0.57 (-99.76%)
Reliance Power LimitedReliance Power Limited IPO detailReliance Power Limited Share Price, Chart and TipsMainlineFeb 11, 2008Rs 11563.20 Cr73.04xRs 450.00Rs 372.50 (-17.22%)Rs 26.79 (-94.05%)Rs 33.15 (Jan 08, 2024)Rs 9.95 (Apr 03, 2023)
Bang Overseas LimitedBang Overseas Limited IPO detailBang Overseas Limited Share Price, Chart and TipsMainlineFeb 20, 2008Rs 72.45 Cr1.24xRs 207.00Rs 171.80 (-17%)Rs 50.05 (-75.82%)Rs 75.80 (Nov 17, 2023)Rs 34.30 (Apr 03, 2023)
KNR Constructions LimitedKNR Constructions Limited IPO detailKNR Constructions Limited Share Price, Chart and TipsMainlineFeb 18, 2008Rs 133.87 Cr1.25xRs 180.00Rs 154.35 (-14.25%)Rs 263.10 (630.83%)Rs 305.50 (Nov 22, 2023)Rs 226.30 (Jun 09, 2023)
V-Guard Industries LimitedV-Guard Industries Limited IPO detailV-Guard Industries Limited Share Price, Chart and TipsMainlineMar 13, 2008Rs 65.60 Cr2.7xRs 82.00Rs 73.45 (-10.43%)Rs 346.25 (4122.56%)Rs 352.00 (Mar 11, 2024)Rs 239.00 (May 31, 2023)
Gokul Refoils and Solvent LimitedGokul Refoils and Solvent Limited IPO detailGokul Refoils and Solvent Limited Share Price, Chart and TipsMainlineJun 04, 2008Rs 139.59 Cr4.27xRs 195.00Rs 181.05 (-7.15%)Rs 40.74 (4.46%)Rs 64.90 (Jan 23, 2024)Rs 26.35 (Apr 03, 2023)
J Kumar Infraprojects LimitedJ Kumar Infraprojects Limited IPO detailJ Kumar Infraprojects Limited Share Price, Chart and TipsMainlineFeb 12, 2008Rs 71.50 Cr2.17xRs 110.00Rs 102.70 (-6.64%)Rs 677.10 (1131.09%)Rs 715.00 (Feb 26, 2024)Rs 248.10 (Apr 10, 2023)
Lotus Eye Care Hospital LimitedLotus Eye Care Hospital Limited IPO detailLotus Eye Care Hospital Limited Share Price, Chart and TipsMainlineJul 11, 2008Rs 38.00 Cr1.18xRs 38.00Rs 35.50 (-6.58%)Rs 63.13 (66.13%)Rs 111.00 (Nov 16, 2023)Rs 48.50 (Mar 05, 2024)
Gammon Infrastructure Projects LtdGammon Infrastructure Projects Ltd IPO detailGammon Infrastructure Projects Ltd Share Price, Chart and TipsMainlineApr 03, 2008Rs 276.39 Cr3.48xRs 167.00Rs 157.90 (-5.45%)Rs 0.68 (-97.96%)Rs 2.10 (Sep 09, 2022)Rs 0.50 (Jul 31, 2023)
Bafna Pharmaceuticals LimitedBafna Pharmaceuticals Limited IPO detailBafna Pharmaceuticals Limited Share Price, Chart and TipsMainlineJun 27, 2008Rs 25.60 CrRs 40.00Rs 38.50 (-3.75%)Rs 106.73 (166.83%)Rs 125.55 (Jun 05, 2023)Rs 78.51 (Mar 31, 2023)
Shriram EPC LimitedShriram EPC Limited IPO detailShriram EPC Limited Share Price, Chart and TipsMainlineFeb 20, 2008Rs 150.00 Cr3.91xRs 300.00Rs 293.60 (-2.13%)Rs 19.10 (-93.63%)Rs 27.70 (Feb 01, 2024)Rs 7.43 (Jun 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.