Investors lose 24% value as 13 IPOs flop

Investors have lost around Rs 3,000 crore so far as 13 of the 18 initial public offers (IPOs) listed during the current calendar year till date are trading at a discount. The loss accounts for 24 per cent of the total offer size of Rs 12,314 crore.

The big flops of the year – Reliance Power and Future Capital Holdings – are currently available at 25 per cent below their issue price.

The other major post-listing losers include BGR Energy, Shriram EPC, J Kumar Infraprojects and KNR Constructions.

Among the smaller issues, Precision Pipes and Profiles, Manaksia, and Porwal Auto Components are currently available at 50 per cent below their issue prices.

A few IPO investors, however, are lucky to get a marginal appreciation on their investment with five offers listed during the current calendar year so far having fetched a modest 15.3 per cent return. The IPOs are GSS America Infotech, Onmobile Global, Aries Agro, Burnpur Cement and IRB Infrastructure Developers.