Of these, eight are available at over 50 per cent discount to their issue price, 10 in the range of 25-50 per cent and the remaining 10 available between 1 and 25 per cent below their issue price.
Reliance Power, Rural Electrification Corporation, IRB Infrastructure, Future Capital Holdings, BGR Energy, Edelweiss Capital and Brigade Enterprises, which have collected more than Rs 450 crore each from the public, are currently discounted to their offer price.
The stocks that are now available at more than 50 per cent discount to their issue price are Precision Pipes, KNR Constructions, Renaissance Jewellery, Brigade Enterprises and Manaksia.
The Bombay Stock Exchange (BSE) Sensex has lost 5,220.89 points (26 per cent) from 20,286.99 on December 31, 2007, to close at 15,066.10 on Monday. Reliance Power, the private sector power giant, lost Rs 6,886 crore of investor's wealth since its listing. The company raised Rs 10,123 crore by issuing 22.80 crore equity shares to the public currently valued at Rs 4,814 crore.
FCH has been discounted by 45 per cent to Rs 421.65 compared to its issue price of Rs 765 on BSE. The company, which raised Rs 491 crore, has eroded Rs 221 crore of investors' wealth currently valued at Rs 270 crore.
However, seven new issues are trading at a premium to their issue price. Aishwarya Telecom, OnMobile Global, Burnpur Cement and Anu's Laboratories are trading over 30 per cent premium to their offer price.
