It's boom time for investors who subscribed to initial public offers (IPOs) listed during calendar 2005. Barring one IPO, that of Jaiprakash Hydropower, all floats fetched healthy returns between 21 per cent and 300 per cent. | |
| The IPOs have produced better returns than benchmark indices, with Sensex gaining 17 per cent and S&P CNX Nifty 13 per cent in the current calendar year. |
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| The 25 public issues, floated in calendar 2004 and 2005, thus far mobilised Rs 4,313 crore. The market value of these investments has increased by 24 per cent or by Rs 1,027 crore to Rs 5,340 crore. |
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Of the 25 IPOs, investor wealth in Nandan Exim, Gateway Distripacks, Vishal Exports and Shree Ganesh Forging has been more than doubled.
| The A list | | in Rs | Issue Price | Aug 11, 2005 | % Chng | | Nandan Exim | 20.00 | 75.95 | 279.75 | | Gateway Distriparks | 72.00 | 204.05 | 183.40 | | Vishal Exports | 9.00 | 22.55 | 150.56 | | Shree Ganesh Forgings | 30.00 | 65.40 | 118.00 | | Cyber Media | 60.00 | 120.60 | 101.00 | | Beeyu Overseas | 14.00 | 24.15 | 72.50 | | Shringar Cinema | 53.00 | 88.60 | 67.17 | | IL&Fs Investmart | 125.00 | 199.10 | 59.28 | | Yes Bank | 45.00 | 71.55 | 59.00 | | Shopper Stop | 238.00 | 362.15 | 52.16 |
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| IL&FS Investmart, Indoco Remedies, Provogue, Gokaldas Export and UTV Software have appreciated by over 20 per cent over their issue prices. |
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| The only laggard Jaiprakash Hydropower, which issued shares at Rs 32 a share, is now trading at Rs 30.45. |
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| Nadan Exim tops the gainers' list with a 280 per cent rise. The stock is trading at Rs 75.95 against its issue price of Rs 20 a share. |
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| The company has raised Rs 12 crore by offering 60 lakh equity shares in June 2005. Gateway Distriparks stock gained 183 per cent to Rs 204.05 against its issue price of Rs 72. Yes Bank, which raised Rs 315 crore in July 2005 current, is trading at Rs 71.55 on BSE. |
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| The stock gained 59 per cent over its issue price of Rs 45. |
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| Film distributions company Shringar Cinema gained 67 per cent premium at Rs 88.60 over its issue price of Rs 53 and Shoppers' Stop is quoting at Rs 362.15, 52 per cent higher than its issue price of Rs 238. |
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| IL&FS Investmart is now trading at Rs 199.10 (Rs 125), Indoco Remedies at Rs 321.10 (Rs 245), Provogue Rs 190.50 (Rs 150), Gokaldas Export at Rs 541.75 (Rs 425) and UTV Software at Rs 165.60 (Rs 130). |
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