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Biggest IPO Failures in India 2009

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.

<< Year 2008	2009	Year 2010 > >

Biggest IPO Flops 2009

Issuer Company	Issue Type	Listing Date	Issue Size	Subscribed	Issue Price	Listing Day Price	Current Price	52 Week High	52 Week Low
Euro Multivision Limited	Mainline	Oct 15, 2009	Rs 66.00 Cr	1.81x	Rs 75.00	Rs 53.20 (-29.07%)	Rs 1.43 (-98.09%)
Den Networks Limited	Mainline	Nov 24, 2009	Rs 364.46 Cr	1.04x	Rs 195.00	Rs 163.10 (-16.36%)	Rs 51.16 (-73.76%)	Rs 69.40 (Jan 10, 2024)	Rs 27.00 (Apr 03, 2023)
Indiabulls Power Limited	Mainline	Oct 30, 2009	Rs 1529.10 Cr	21.84x	Rs 45.00	Rs 39.25 (-12.78%)	Rs 9.31 (-79.31%)	Rs 12.30 (Feb 08, 2024)	Rs 2.95 (Apr 18, 2023)
Globus Spirits Limited	Mainline	Sep 23, 2009	Rs 75.00 Cr	1.5x	Rs 100.00	Rs 90.75 (-9.25%)	Rs 779.50 (679.5%)	Rs 1,327.70 (Jul 05, 2023)	Rs 661.30 (Mar 28, 2024)
Raj Oil Mills Limited	Mainline	Aug 12, 2009	Rs 114.00 Cr	1.24x	Rs 120.00	Rs 119.30 (-0.58%)	Rs 64.12 (-46.57%)	Rs 56.42 (Jul 28, 2023)	Rs 33.90 (Mar 20, 2023)

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<< Year 2008	2009	Year 2010 > >

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.

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