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Biggest IPO Failures in India 2011

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 2011

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Tijaria Polypipes LtdTijaria Polypipes Ltd IPO detailTijaria Polypipes Ltd Share Price, Chart and TipsMainlineOct 14, 2011Rs 60.00 CrRs 60.00Rs 18.10 (-69.83%)Rs 23.05 (-61.58%)Rs 12.10 (Mar 02, 2024)Rs 4.10 (Apr 03, 2023)
Indo Thai Securities LimitedIndo Thai Securities Limited IPO detailIndo Thai Securities Limited Share Price, Chart and TipsMainlineNov 02, 2011Rs 29.60 Cr1.18xRs 74.00Rs 23.00 (-68.92%)Rs 319.45 (331.69%)Rs 373.30 (Feb 09, 2024)Rs 205.20 (Nov 03, 2023)
RDB Rasayans LtdRDB Rasayans Ltd IPO detailRDB Rasayans Ltd Share Price, Chart and TipsMainlineOct 07, 2011Rs 35.55 Cr1.5xRs 79.00Rs 26.50 (-66.46%)Rs 139.75 (76.9%)Rs 185.00 (Feb 20, 2024)Rs 76.00 (Jun 20, 2023)
Vaswani Industries LtdVaswani Industries Ltd IPO detailVaswani Industries Ltd Share Price, Chart and TipsMainlineSep 20, 2011Rs 49.00 Cr4.16xRs 49.00Rs 17.75 (-63.78%)Rs 35.26 (-28.04%)Rs 62.55 (Feb 29, 2024)Rs 19.15 (Jul 24, 2023)
Bharatiya Global Infomedia LtdBharatiya Global Infomedia Ltd IPO detailBharatiya Global Infomedia Ltd Share Price, Chart and TipsMainlineJul 28, 2011Rs 55.10 Cr2.06xRs 82.00Rs 30.95 (-62.26%)Rs 3.37 (-95.89%)Rs 4.70 (Mar 18, 2024)Rs 1.95 (Aug 21, 2023)
Omkar Speciality Chemicals LtdOmkar Speciality Chemicals Ltd IPO detailOmkar Speciality Chemicals Ltd Share Price, Chart and TipsMainlineFeb 10, 2011Rs 79.38 Cr4.67xRs 98.00Rs 46.20 (-52.86%)Rs 7.10 (-92.76%)Rs 12.45 (Jul 14, 2023)Rs 5.65 (Mar 28, 2024)
SRS LimitedSRS Limited IPO detailSRS Limited Share Price, Chart and TipsMainlineSep 16, 2011Rs 203.00 Cr1.25xRs 58.00Rs 33.65 (-41.98%)
Brooks Laboratories LtdBrooks Laboratories Ltd IPO detailBrooks Laboratories Ltd Share Price, Chart and TipsMainlineSep 05, 2011Rs 63.00 Cr1.6xRs 100.00Rs 60.20 (-39.8%)Rs 103.60 (3.6%)Rs 185.70 (Jan 10, 2024)Rs 56.93 (May 25, 2023)
Readymade Steel India LtdReadymade Steel India Ltd IPO detailReadymade Steel India Ltd Share Price, Chart and TipsMainlineJul 13, 2011Rs 34.75 Cr1.68xRs 108.00Rs 66.45 (-38.47%)Rs 4.38 (-79.72%)Rs 5.85 (Feb 08, 2024)Rs 1.65 (Mar 31, 2023)
VMS Industries LtdVMS Industries Ltd IPO detailVMS Industries Ltd Share Price, Chart and TipsMainlineJun 14, 2011Rs 25.75 Cr1.36xRs 40.00Rs 28.50 (-28.75%)Rs 41.81 (4.53%)Rs 57.79 (Mar 04, 2024)Rs 12.19 (May 08, 2023)
Tree House Education & Accessories LtdTree House Education & Accessories Ltd IPO detailTree House Education & Accessories Ltd Share Price, Chart and TipsMainlineAug 26, 2011Rs 113.83 Cr1.85xRs 135.00Rs 116.55 (-13.67%)Rs 21.80 (-83.85%)Rs 34.65 (Feb 21, 2024)Rs 13.60 (Apr 03, 2023)
PTC India Financial Services LtdPTC India Financial Services Ltd IPO detailPTC India Financial Services Ltd Share Price, Chart and TipsMainlineMar 30, 2011Rs 438.76 Cr1.7xRs 28.00Rs 24.90 (-11.07%)Rs 44.47 (58.82%)Rs 67.95 (Jan 30, 2024)Rs 12.95 (Apr 03, 2023)
L&T Finance Holdings LimitedL&T Finance Holdings Limited IPO detailL&T Finance Holdings Limited Share Price, Chart and TipsMainlineAug 12, 2011Rs 1245.00 Cr5.34xRs 52.00Rs 49.95 (-3.94%)Rs 167.75 (222.6%)Rs 179.00 (Feb 05, 2024)Rs 93.52 (May 10, 2023)
Power Finance Corporation LtdPower Finance Corporation Ltd IPO detailPower Finance Corporation Ltd Share Price, Chart and TipsMainlineMay 27, 2011Rs 4578.20 Cr4.34xRs 203.00Rs 199.45 (-1.75%)Rs 480.45 (136.67%)Rs 477.80 (Feb 08, 2024)Rs 121.32 (Apr 03, 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.