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Indian IPOs continue to under-perform

Latest update on how the most recent IPOs at the NSE are performing:

  1. Idea Cellular Limited, listed March 9 at Rs 75, trading at Rs 86
  2. Mudra Lifestyle Limited, listed March 9 at Rs 90, trading at Rs 64
  3. Euro Ceramics Limited, listed March 9 at Rs 165, trading at Rs 119
  4. Indus Fila Limited, listed March 8 at Rs 170, trading at Rs 145
  5. Evinix Accessories Limited, listed March 7 at Rs 120, trading at Rs 92
  6. Oriental Trimex Limited, listed March 7 at Rs 48, trading at Rs 26
  7. MindTree Consulting Limited, listed March 7 at Rs 425, trading at Rs 653
  8. Broadcast Initiatives Limited, listed March 7 at Rs 120, trading at Rs 69

Only 2 are profitable, and only 1 (Mindtree) would have been worth the effort, in hindsight. As for what’s coming, there is only 1 new IPO left in the pipeline!

This entry was posted on Sunday, March 11th, 2007 at 6:17 pm and is filed under ipo. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Related Posts:

  • IPOs in India - July through December 2006
  • 2006 YTD IPO Performance
  • April-June IPOs: Double digit losses, on average
  • IPOs coming fast & furious
  • IPO pipeline dries up
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