5 stocks still trading below issue prices

In Rs

Issue Price

Current Price

% Chg

Uniply Industries

24.00

17.80

-25.0

Shri Ramrupai Balaji

22.00

17.60

-20.0

HT Media

530.00

455.50

-14.1

Nectar Lifesciences

240.00

208.60

-13.1

Bannari Amman Spg

135.00

121.25

-10.2

Vikash Metal

20.00

20.15

0.8

Southern Online Bio

10.00

10.27

2.7

Aurionpro Solutions

90.00

92.70

3.0

JP Hydropower

32.00

33.35

4.2

Prithvi Inform Solutions

270.00

287.05

6.3

 The biggest loser, Uniply Industries, has seen its price decline by 26 per cent to Rs 17.80 against its issue price of Rs 24. Shri Ramrupai Balaji Steels, the second biggest loser, was down 20 per cent to Rs 17.60 on Monday compared to its issue price of Rs 22 per share.  Nectar Lifesciences was quoted at Rs 208.60 against an issue price of Rs 240 per share, down 13.08 per cent. HT Media declined 14 per cent to Rs 455.50, over its issue price of Rs 530, while Bannari Aman Spinning was down 10.19 per cent at Rs 121.25 over its issue price of Rs 135.  Vikas Metal and Power, which got listed on Monday, closed marginally up by 0.75 per cent at Rs 20.15 against the offer price of Rs 20. The stock had touched a low of Rs 19.05 during the intra-day trades on Monday.  Other newly listed companies such as Aurionpro Solutions, Southern Online Bio Technologies, Prithvi Information Solutions, JP Hydro Power, Shree Renuka Sugars, Beeyu Overseas and Jet Airways are also underperforming on the Sensex in the current market rally. The stocks are quoting between 1 per cent and 10 per cent premium to their issue price compared with 13 per cent rise in the Sensex.  Aurionpro Solutions, at Rs 92.70, was trading at 3 per cent premium, against its issue price of Rs 90. Other underperformers were, Southern Online Bio Technologies quoting at Rs 10.27 (Rs 10 issue price), Prithvi Information Solutions at Rs 287.05 (Rs 270) and Shree Renuka Sugars Rs 316.70 (Rs 285). JP Hydropower, currently quoting at Rs 33.35 against its offer price of Rs 32, Beeyu Overseas at Rs 15.34 (Rs 14) and Jet Airways at Rs 1,214.15 (Rs 1,100) have also underperformed.