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Biggest IPO Failures in India 2017

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 2017

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Manav infra projects LtdManav infra projects Ltd IPO detailManav infra projects Ltd Share Price, Chart and TipsSMESep 18, 2017Rs 5.51 CrRs 30.00Rs 24.00 (-20%)Rs 21.90 (-27%)
Nouritrans Exim LtdNouritrans Exim Ltd IPO detailNouritrans Exim Ltd Share Price, Chart and TipsSMESep 15, 2017Rs 6.12 CrRs 30.00Rs 24.30 (-19%)Rs 1.02 (-96.6%)Rs 1.02 (Jun 06, 2022)Rs 0.98 (Apr 18, 2022)
CL Educate LtdCL Educate Ltd IPO detailCL Educate Ltd Share Price, Chart and TipsMainlineMar 31, 2017Rs 238.95 Cr1.9xRs 502.00Rs 417.90 (-16.75%)Rs 86.47 (-65.55%)Rs 114.00 (Jan 25, 2024)Rs 49.05 (Apr 03, 2023)
MRC Exim LimitedMRC Exim Limited IPO detailMRC Exim Limited Share Price, Chart and TipsSMEDec 18, 2017Rs 4.50 CrRs 15.00Rs 12.50 (-16.67%)Rs 13.68 (-8.8%)Rs 64.95 (Jun 13, 2023)Rs 10.72 (Mar 14, 2024)
Shanti Overseas (India) LimitedShanti Overseas (India) Limited IPO detailShanti Overseas (India) Limited Share Price, Chart and TipsSMEAug 03, 2017Rs 10.02 CrRs 50.00Rs 42.90 (-14.2%)Rs 34.40 (Feb 15, 2024)Rs 14.25 (Apr 12, 2023)
Mehai Technology LtdMehai Technology Ltd IPO detailMehai Technology Ltd Share Price, Chart and TipsSMEOct 09, 2017Rs 6.00 CrRs 40.00Rs 34.50 (-13.75%)Rs 27.66 (-30.85%)Rs 36.36 (Feb 01, 2024)Rs 14.41 (Aug 14, 2023)
Sri Krishna Metcom LimitedSri Krishna Metcom Limited IPO detailSri Krishna Metcom Limited Share Price, Chart and TipsSMESep 26, 2017Rs 19.25 CrRs 55.00Rs 49.00 (-10.91%)
The New India Assurance Company LimitedThe New India Assurance Company Limited IPO detailThe New India Assurance Company Limited Share Price, Chart and TipsMainlineNov 13, 2017Rs 9600.00 Cr1.2xRs 800.00Rs 725.05 (-9.37%)Rs 232.00 (-71%)Rs 324.70 (Feb 09, 2024)Rs 97.85 (Apr 03, 2023)
Global Space Technologies LtdGlobal Space Technologies Ltd IPO detailGlobal Space Technologies Ltd Share Price, Chart and TipsSMEAug 07, 2017Rs 20.02 CrRs 66.00Rs 60.05 (-9.02%)Rs 19.58 (-70.33%)Rs 26.99 (Feb 01, 2024)Rs 15.01 (Jun 01, 2023)
Steel City Securities LtdSteel City Securities Ltd IPO detailSteel City Securities Ltd Share Price, Chart and TipsSMEFeb 17, 2017Rs 26.99 CrRs 55.00Rs 50.10 (-8.91%)Rs 102.15 (85.73%)Rs 94.70 (Feb 08, 2024)Rs 59.75 (May 31, 2023)
Jalan Transolutions (India) LtdJalan Transolutions (India) Ltd IPO detailJalan Transolutions (India) Ltd Share Price, Chart and TipsSMEMay 31, 2017Rs 17.71 CrRs 46.00Rs 41.95 (-8.8%)Rs 3.75 (-91.85%)
Matrimony.com LimitedMatrimony.com Limited IPO detailMatrimony.com Limited Share Price, Chart and TipsMainlineSep 21, 2017Rs 496.88 Cr4.44xRs 985.00Rs 901.20 (-8.51%)Rs 549.75 (-44.19%)Rs 722.60 (Aug 10, 2023)Rs 499.25 (Feb 21, 2024)
Shree Ganesh Remedies LtdShree Ganesh Remedies Ltd IPO detailShree Ganesh Remedies Ltd Share Price, Chart and TipsSMEOct 13, 2017Rs 8.55 CrRs 36.00Rs 33.00 (-8.33%)Rs 626.15 (1639.31%)Rs 736.00 (Feb 20, 2024)Rs 282.20 (May 29, 2023)
Khadim India LimitedKhadim India Limited IPO detailKhadim India Limited Share Price, Chart and TipsMainlineNov 14, 2017Rs 543.06 Cr1.9xRs 750.00Rs 688.50 (-8.2%)Rs 350.95 (-53.21%)Rs 424.85 (Oct 30, 2023)Rs 184.85 (Apr 03, 2023)
Security and Intelligence Services (India) LtdSecurity and Intelligence Services (India) Ltd IPO detailSecurity and Intelligence Services (India) Ltd Share Price, Chart and TipsMainlineAug 10, 2017Rs 779.58 Cr7.07xRs 815.00Rs 756.70 (-7.15%)Rs 453.85 (11.37%)Rs 564.55 (Jan 20, 2024)Rs 322.00 (Apr 03, 2023)
Relstruct Buildcon LtdRelstruct Buildcon Ltd IPO detailRelstruct Buildcon Ltd Share Price, Chart and TipsSMEApr 05, 2017Rs 23.36 CrRs 50.00Rs 46.75 (-6.5%)
Nitiraj Engineers LtdNitiraj Engineers Ltd IPO detailNitiraj Engineers Ltd Share Price, Chart and TipsSMEMar 09, 2017Rs 22.01 CrRs 100.00Rs 94.50 (-5.5%)Rs 206.60 (106.6%)Rs 196.00 (Feb 08, 2024)Rs 70.00 (Apr 06, 2023)
Ashok Masala Mart LtdAshok Masala Mart Ltd IPO detailAshok Masala Mart Ltd Share Price, Chart and TipsSMEAug 22, 2017Rs 2.01 CrRs 10.00Rs 9.50 (-5%)Rs 21.22 (112.2%)Rs 37.99 (Oct 30, 2023)Rs 10.00 (May 10, 2023)
Jash Dealmark LtdJash Dealmark Ltd IPO detailJash Dealmark Ltd Share Price, Chart and TipsSMEMar 27, 2017Rs 5.40 CrRs 40.00Rs 38.05 (-4.88%)
General Insurance Corporation of IndiaGeneral Insurance Corporation of India IPO detailGeneral Insurance Corporation of India Share Price, Chart and TipsMainlineOct 25, 2017Rs 11175.84 Cr1.38xRs 912.00Rs 870.40 (-4.56%)Rs 339.65 (-62.76%)Rs 467.80 (Feb 08, 2024)Rs 133.65 (Apr 03, 2023)
Shalby LimitedShalby Limited IPO detailShalby Limited Share Price, Chart and TipsMainlineDec 15, 2017Rs 504.80 Cr2.82xRs 248.00Rs 239.25 (-3.53%)Rs 268.05 (8.08%)Rs 339.50 (Jan 24, 2024)Rs 134.20 (Apr 03, 2023)
SecUR Credentials LtdSecUR Credentials Ltd IPO detailSecUR Credentials Ltd Share Price, Chart and TipsSMENov 13, 2017Rs 30.07 CrRs 205.00Rs 198.60 (-3.12%)Rs 17.35 (-91.54%)Rs 28.10 (May 03, 2023)Rs 15.60 (Sep 12, 2023)
SMVD Ploy Pack LimitedSMVD Ploy Pack Limited IPO detailSMVD Ploy Pack Limited Share Price, Chart and TipsSMEDec 26, 2017Rs 9.02 CrRs 55.00Rs 53.60 (-2.55%)Rs 15.90 (-71.09%)
Dhruv Wellness LtdDhruv Wellness Ltd IPO detailDhruv Wellness Ltd Share Price, Chart and TipsSMESep 12, 2017Rs 5.57 CrRs 20.00Rs 19.50 (-2.5%)Rs 11.56 (-42.2%)Rs 23.13 (May 16, 2023)Rs 11.56 (Apr 22, 2024)
Prolife Industries LimitedProlife Industries Limited IPO detailProlife Industries Limited Share Price, Chart and TipsSMEJan 09, 2017Rs 4.22 CrRs 38.00Rs 37.10 (-2.37%)Rs 212.30 (458.68%)
Vaishali Pharma LtdVaishali Pharma Ltd IPO detailVaishali Pharma Ltd Share Price, Chart and TipsSMEAug 22, 2017Rs 14.23 Cr1.89xRs 72.00Rs 70.35 (-2.29%)Rs 163.35 (126.88%)Rs 203.60 (Jan 16, 2024)Rs 114.85 (Jul 17, 2023)
Zodiac Energy LimitedZodiac Energy Limited IPO detailZodiac Energy Limited Share Price, Chart and TipsSMEDec 05, 2017Rs 10.14 CrRs 52.00Rs 51.10 (-1.73%)Rs 417.10 (Mar 02, 2024)Rs 85.00 (Mar 27, 2023)
Globe Textiles (India) LimitedGlobe Textiles (India) Limited IPO detailGlobe Textiles (India) Limited Share Price, Chart and TipsSMEJun 23, 2017Rs 13.71 CrRs 51.00Rs 50.15 (-1.67%)Rs 3.65 (-64.22%)Rs 6.00 (Sep 28, 2023)Rs 2.10 (Mar 29, 2023)
IndiGrid InvIT FundIndiGrid InvIT Fund IPO detailIndiGrid InvIT Fund Share Price, Chart and TipsMainlineJun 06, 2017Rs 2250.00 Cr1.35xRs 100.00Rs 98.45 (-1.55%)Rs 138.00 (38%)Rs 141.51 (May 08, 2023)Rs 121.00 (Nov 30, 2023)
Keerti Knowledge And Skills LtdKeerti Knowledge And Skills Ltd IPO detailKeerti Knowledge And Skills Ltd Share Price, Chart and TipsSMEAug 07, 2017Rs 4.06 CrRs 52.00Rs 51.25 (-1.44%)Rs 140.65 (Dec 28, 2023)Rs 39.80 (May 02, 2023)
Indian Energy Exchange LtdIndian Energy Exchange Ltd IPO detailIndian Energy Exchange Ltd Share Price, Chart and TipsMainlineOct 23, 2017Rs 1000.73 Cr2.28xRs 1,650.00Rs 1,626.45 (-1.43%)Rs 157.85 (-4.33%)Rs 173.35 (Jan 01, 2024)Rs 116.00 (Jun 09, 2023)
Ace Integrated Solutions LtdAce Integrated Solutions Ltd IPO detailAce Integrated Solutions Ltd Share Price, Chart and TipsSMEJul 13, 2017Rs 7.20 CrRs 40.00Rs 39.55 (-1.13%)Rs 34.60 (-13.5%)Rs 55.50 (Dec 15, 2023)Rs 29.60 (Mar 14, 2024)
Omfurn India LimitedOmfurn India Limited IPO detailOmfurn India Limited Share Price, Chart and TipsSMEOct 13, 2017Rs 4.17 CrRs 23.00Rs 22.85 (-0.65%)Rs 73.25 (218.48%)
PSP Projects LtdPSP Projects Ltd IPO detailPSP Projects Ltd Share Price, Chart and TipsMainlineMay 29, 2017Rs 211.68 Cr8.58xRs 210.00Rs 208.95 (-0.5%)Rs 675.60 (221.71%)Rs 846.00 (Aug 23, 2023)Rs 599.90 (Mar 14, 2024)
Laxmi Cotspin LimitedLaxmi Cotspin Limited IPO detailLaxmi Cotspin Limited Share Price, Chart and TipsSMEMar 31, 2017Rs 9.60 CrRs 20.00Rs 19.90 (-0.5%)Rs 33.75 (68.75%)Rs 36.90 (Jan 16, 2024)Rs 17.45 (Apr 03, 2023)
AKM Lace & Embrotex LtdAKM Lace & Embrotex Ltd IPO detailAKM Lace & Embrotex Ltd Share Price, Chart and TipsSMESep 29, 2017Rs 4.76 CrRs 25.00Rs 24.90 (-0.4%)Rs 113.30 (353.2%)Rs 115.50 (Apr 22, 2024)Rs 38.60 (Aug 24, 2023)
Eris Lifesciences LimitedEris Lifesciences Limited IPO detailEris Lifesciences Limited Share Price, Chart and TipsMainlineJun 29, 2017Rs 1741.16 Cr3.29xRs 603.00Rs 601.05 (-0.32%)Rs 867.05 (43.79%)Rs 971.90 (Nov 09, 2023)Rs 575.00 (Apr 03, 2023)
IRB InvIT FundIRB InvIT Fund IPO detailIRB InvIT Fund Share Price, Chart and TipsMainlineMay 18, 2017Rs 5921.10 Cr8.57xRs 102.00Rs 101.79 (-0.21%)Rs 69.12 (-32.24%)Rs 74.74 (Sep 15, 2023)Rs 66.60 (Mar 12, 2024)
  • 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.