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Biggest IPO Failures in India 2019

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 2019

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Gleam Fabmat LimitedGleam Fabmat Limited IPO detailGleam Fabmat Limited Share Price, Chart and TipsSMEMar 05, 2019Rs 3.12 Cr1.75xRs 10.00Rs 8.55 (-14.5%)Rs 1.81 (-81.9%)
Xelpmoc Design and Tech LimitedXelpmoc Design and Tech Limited IPO detailXelpmoc Design and Tech Limited Share Price, Chart and TipsMainlineFeb 04, 2019Rs 23.00 Cr3.25xRs 66.00Rs 59.85 (-9.32%)Rs 145.75 (120.83%)Rs 146.00 (Jan 15, 2024)Rs 73.30 (Oct 26, 2023)
Sterling and Wilson Solar LtdSterling and Wilson Solar Ltd IPO detailSterling and Wilson Solar Ltd Share Price, Chart and TipsMainlineAug 20, 2019Rs 3145.16 Cr0.85xRs 780.00Rs 725.35 (-7.01%)Rs 680.55 (-12.75%)Rs 647.00 (Feb 09, 2024)Rs 253.00 (Oct 19, 2023)
Prince Pipes and Fittings LtdPrince Pipes and Fittings Ltd IPO detailPrince Pipes and Fittings Ltd Share Price, Chart and TipsMainlineDec 30, 2019Rs 500.00 Cr2.21xRs 178.00Rs 166.60 (-6.4%)Rs 630.85 (254.41%)Rs 776.00 (Jan 05, 2024)Rs 521.35 (Mar 14, 2024)
Mindpool Technologies LimitedMindpool Technologies Limited IPO detailMindpool Technologies Limited Share Price, Chart and TipsSMEFeb 28, 2019Rs 3.60 Cr2.09xRs 30.00Rs 28.50 (-5%)Rs 85.00 (183.33%)
Jinaams Dress LimitedJinaams Dress Limited IPO detailJinaams Dress Limited Share Price, Chart and TipsSMEApr 25, 2019Rs 42.48 Cr1.21xRs 59.00Rs 56.10 (-4.92%)Rs 2.37 (-95.98%)Rs 2.77 (Apr 18, 2022)Rs 2.37 (May 09, 2022)
Suich Industries LimitedSuich Industries Limited IPO detailSuich Industries Limited Share Price, Chart and TipsSMEJun 13, 2019Rs 30.86 Cr1.39xRs 75.00Rs 71.35 (-4.87%)Rs 4.33 (-94.23%)
MSTC LimitedMSTC Limited IPO detailMSTC Limited Share Price, Chart and TipsMainlineMar 29, 2019Rs 212.04 Cr1.46xRs 120.00Rs 114.20 (-4.83%)Rs 883.80 (636.5%)Rs 1,165.00 (Jan 31, 2024)Rs 254.90 (Apr 03, 2023)
V R Films & Studios LimitedV R Films & Studios Limited IPO detailV R Films & Studios Limited Share Price, Chart and TipsSMEApr 30, 2019Rs 2.27 Cr1.53xRs 61.00Rs 60.00 (-1.64%)Rs 28.25 (-53.69%)Rs 71.57 (Aug 04, 2023)Rs 22.02 (Mar 28, 2024)
Meera Industries LimitedMeera Industries Limited IPO detailMeera Industries Limited Share Price, Chart and TipsSMEJun 26, 2019Rs 11.75 Cr1.16xRs 225.00Rs 221.90 (-1.38%)Rs 45.88 (-79.61%)Rs 59.80 (Feb 09, 2024)Rs 34.98 (Dec 20, 2023)
City Pulse Multiplex LimitedCity Pulse Multiplex Limited IPO detailCity Pulse Multiplex Limited Share Price, Chart and TipsSMEJul 11, 2019Rs 3.98 Cr3xRs 30.00Rs 29.65 (-1.17%)Rs 131.50 (338.33%)Rs 132.00 (Mar 15, 2024)Rs 66.00 (Jun 19, 2023)
Par Drugs and Chemicals LimitedPar Drugs and Chemicals Limited IPO detailPar Drugs and Chemicals Limited Share Price, Chart and TipsSMEMay 16, 2019Rs 8.53 Cr5.74xRs 51.00Rs 50.45 (-1.08%)Rs 274.85 (438.92%)Rs 248.00 (Nov 29, 2023)Rs 133.55 (Apr 10, 2023)
Spandana Sphoorty Financial LtdSpandana Sphoorty Financial Ltd IPO detailSpandana Sphoorty Financial Ltd Share Price, Chart and TipsMainlineAug 19, 2019Rs 1202.34 Cr1.05xRs 856.00Rs 848.40 (-0.89%)Rs 859.30 (0.39%)Rs 1,243.20 (Jan 12, 2024)Rs 528.00 (Apr 05, 2023)
Kranti Industries LimitedKranti Industries Limited IPO detailKranti Industries Limited Share Price, Chart and TipsSMEFeb 28, 2019Rs 8.58 Cr1.29xRs 37.00Rs 36.95 (-0.14%)Rs 74.86 (102.32%)Rs 112.80 (Aug 11, 2023)Rs 69.55 (Feb 14, 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.