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Biggest Mainline IPO Failures in India 2024

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 Mainline IPO Flops 2024

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
JG Chemicals LimitedJG Chemicals Limited IPO detailJG Chemicals Limited Share Price, Chart and TipsMainlineMar 13, 2024Rs 251.19 Cr28.52xRs 221.00Rs 184.65 (-16.45%)Rs 240.40 (8.78%)Rs 213.75 (Mar 13, 2024)Rs 171.35 (Mar 28, 2024)
Jana Small Finance Bank LimitedJana Small Finance Bank Limited IPO detailJana Small Finance Bank Limited Share Price, Chart and TipsMainlineFeb 14, 2024Rs 570.00 Cr19.89xRs 414.00Rs 368.20 (-11.06%)Rs 616.70 (48.96%)Rs 482.00 (Feb 21, 2024)Rs 365.00 (Feb 14, 2024)
Gopal Snacks LimitedGopal Snacks Limited IPO detailGopal Snacks Limited Share Price, Chart and TipsMainlineMar 14, 2024Rs 650.00 Cr9.5xRs 401.00Rs 360.05 (-10.21%)Rs 344.25 (-14.15%)Rs 392.85 (Mar 15, 2024)Rs 341.80 (Mar 14, 2024)
EPACK Durable LimitedEPACK Durable Limited IPO detailEPACK Durable Limited Share Price, Chart and TipsMainlineJan 30, 2024Rs 640.05 Cr16.79xRs 230.00Rs 207.70 (-9.7%)Rs 179.60 (-21.91%)Rs 224.50 (Jan 30, 2024)Rs 150.60 (Mar 28, 2024)
Entero Healthcare Solutions LimitedEntero Healthcare Solutions Limited IPO detailEntero Healthcare Solutions Limited Share Price, Chart and TipsMainlineFeb 16, 2024Rs 1600.00 Cr1.53xRs 1,258.00Rs 1,149.50 (-8.62%)Rs 1,044.70 (-16.96%)Rs 1,258.00 (Feb 16, 2024)Rs 970.00 (Mar 28, 2024)
R K SWAMY LimitedR K SWAMY Limited IPO detailR K SWAMY Limited Share Price, Chart and TipsMainlineMar 12, 2024Rs 423.56 Cr25.78xRs 288.00Rs 263.25 (-8.59%)Rs 278.00 (-3.47%)Rs 307.50 (Mar 26, 2024)Rs 227.65 (Mar 14, 2024)
Capital Small Finance Bank LimitedCapital Small Finance Bank Limited IPO detailCapital Small Finance Bank Limited Share Price, Chart and TipsMainlineFeb 14, 2024Rs 523.07 Cr4.17xRs 468.00Rs 434.30 (-7.2%)Rs 335.10 (-28.4%)Rs 469.00 (Feb 15, 2024)Rs 320.00 (Mar 27, 2024)
Popular Vehicles & Services LimitedPopular Vehicles & Services Limited IPO detailPopular Vehicles & Services Limited Share Price, Chart and TipsMainlineMar 19, 2024Rs 601.55 Cr1.25xRs 295.00Rs 276.25 (-6.36%)Rs 220.35 (-25.31%)Rs 296.55 (Mar 21, 2024)Rs 236.40 (Mar 28, 2024)
Krystal Integrated Services LimitedKrystal Integrated Services Limited IPO detailKrystal Integrated Services Limited Share Price, Chart and TipsMainlineMar 21, 2024Rs 300.13 Cr13.49xRs 715.00Rs 712.30 (-0.38%)Rs 699.20 (-2.21%)Rs 832.00 (Apr 01, 2024)Rs 687.60 (Mar 27, 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.