IPO Watch: Paytm not a lone wolf to face rout on listing, these issues too disappointed the street most

One 97 Communications Limited shares continued their free fall on Monday for the second straight trading session, making it the biggest loser among all the Initial Public Offerings (IPO) launched this year.  

One 97 or Patm shares fell almost 19 per cent on the intraday basis on the NSE today, after falling 27 per cent on debut on Thursday (18 November). The equity markets were shut on Friday on account of Guru Nanak Jayanti.  

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The stock was trading at Rs 1368.10, minutes before the stock market closing. The stock was listed at Rs 1950 at a discount from its issue price of Rs 2150. 

It is not the only issue to have disappointed investors on listing day, there are others on the bandwagon. Zee Business' Devanshi Asher shared this detailed analysis. 

She picks companies that witnessed high retail participation and are now trading significantly below their issue price. 

List of other recently listed IPOs which are trading below the issue price: 

1) Fino Payment Bank Limited – The IPO was launched at an issue price of Rs 577 and has witnessed 33 per cent correction. The stock today ended at Rs 392.85 on the NSE, down almost 12.6 per cent from the Thursday closing price.   

2) SJS Enterprises – The IPO issue price was Rs 542 and the stock has corrected almost 22 per cent. It ended at Rs 640 on the NSE, down almost 6.3 per cent from the Thursday closing price.  

3) Aditya Birla Sun Life AMC - The IPO issue price was Rs 712 and the stock has corrected almost 19 per cent. It ended at Rs 596 on the NSE, down almost 1.9 per cent from the Thursday closing price.  

4) Sapphire Foods India Limited - The IPO issue price was Rs 1180 and the stock has corrected almost 11 per cent at one point and has now closed in. It ended at Rs 1179 on the NSE, down almost 2.6 per cent from the Thursday closing price.  

 Some of the other IPOs include Cartrade Tech Limited, Krsnaa Diagnostics Limited, Windlas Biotech Limited, Suryoday Small Finance Bank Limited and Glenmark Life Sciences Limited. 

Asher said that Glenmark Life was a good IPO and even it was listed below the issue price. 

Two IPOs will be listed this week – one is Tarsons Products Limited and the other is Latent View Analytics Limited. The street will be keeping a close eye on the listings of the two companies, she said. 

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हाल के IPOs का हुआ बुरा हाल

किन IPOs ने निवेशकों को किया निराश?

नए IPOs से रिटेल निवेशकों को झटका

जानिए पूरी खबर देवांशी से...#IPO | #IPOUpdate | #IPOAlert | #Investors | @devanshiashar pic.twitter.com/sUG72QqCgQ

— Zee Business (@ZeeBusiness) November 22, 2021

 
Zee Business Managing Editor expects a strong listing in Latent View calling it an excellent company. The Managing Editor had a string recommendation for this issue.      

 (Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)