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Biggest Mainline IPO Failures in India 2017

The performance of an IPO is measured based on its price movements on the listing day. When the closing price of the IPO on the listing day is below the issue price, the IPO is said to have flopped.

The listing day is viewed as an important day for many investors who wish to make quick profits by selling the IPO shares on that day. The real demand and value of the share gets assessed on the listing day when the share becomes accessible to all who missed to buy the IPO shares or did not get an allotment.

An IPO can fail on account of many factors that may include issue with company fundamentals, management, wrong timing, incorrect valuation, lack of planning, etc. Thus, an investor should assess the company well before investing the hard earned money.

Biggest Mainline IPO Flops 2017

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
CL Educate LtdCL Educate Ltd IPO detailCL Educate Ltd Share Price, Chart and TipsMainlineMar 31, 2017Rs 238.95 Cr1.9xRs 502.00Rs 417.90 (-16.75%)Rs 83.12 (-66.88%)Rs 114.00 (Jan 25, 2024)Rs 63.80 (Jun 04, 2024)
The New India Assurance Company LimitedThe New India Assurance Company Limited IPO detailThe New India Assurance Company Limited Share Price, Chart and TipsMainlineNov 13, 2017Rs 9600.00 Cr1.2xRs 800.00Rs 725.05 (-9.37%)Rs 245.25 (-69.34%)Rs 324.70 (Feb 09, 2024)Rs 115.20 (Jul 18, 2023)
Matrimony.com LimitedMatrimony.com Limited IPO detailMatrimony.com Limited Share Price, Chart and TipsMainlineSep 21, 2017Rs 496.88 Cr4.44xRs 985.00Rs 901.20 (-8.51%)Rs 628.30 (-36.21%)Rs 722.60 (Aug 10, 2023)Rs 499.25 (Feb 21, 2024)
Khadim India LimitedKhadim India Limited IPO detailKhadim India Limited Share Price, Chart and TipsMainlineNov 14, 2017Rs 543.06 Cr1.9xRs 750.00Rs 688.50 (-8.2%)Rs 368.20 (-50.91%)Rs 424.85 (Oct 30, 2023)Rs 213.90 (Jul 10, 2023)
Security and Intelligence Services (India) LtdSecurity and Intelligence Services (India) Ltd IPO detailSecurity and Intelligence Services (India) Ltd Share Price, Chart and TipsMainlineAug 10, 2017Rs 779.58 Cr7.07xRs 815.00Rs 756.70 (-7.15%)Rs 450.05 (10.44%)Rs 564.55 (Jan 20, 2024)Rs 393.00 (Jun 04, 2024)
General Insurance Corporation of IndiaGeneral Insurance Corporation of India IPO detailGeneral Insurance Corporation of India Share Price, Chart and TipsMainlineOct 25, 2017Rs 11175.84 Cr1.38xRs 912.00Rs 870.40 (-4.56%)Rs 385.50 (-57.73%)Rs 467.80 (Feb 08, 2024)Rs 182.05 (Jun 30, 2023)
Shalby LimitedShalby Limited IPO detailShalby Limited Share Price, Chart and TipsMainlineDec 15, 2017Rs 504.80 Cr2.82xRs 248.00Rs 239.25 (-3.53%)Rs 276.15 (11.35%)Rs 339.50 (Jan 24, 2024)Rs 168.50 (Jun 30, 2023)
IndiGrid InvIT FundIndiGrid InvIT Fund IPO detailIndiGrid InvIT Fund Share Price, Chart and TipsMainlineJun 06, 2017Rs 2250.00 Cr1.35xRs 100.00Rs 98.45 (-1.55%)Rs 136.68 (36.68%)Rs 139.65 (Jul 24, 2023)Rs 121.00 (Nov 30, 2023)
Indian Energy Exchange LtdIndian Energy Exchange Ltd IPO detailIndian Energy Exchange Ltd Share Price, Chart and TipsMainlineOct 23, 2017Rs 1000.73 Cr2.28xRs 1,650.00Rs 1,626.45 (-1.43%)Rs 185.25 (12.27%)Rs 187.40 (Jun 18, 2024)Rs 119.00 (Jul 27, 2023)
PSP Projects LtdPSP Projects Ltd IPO detailPSP Projects Ltd Share Price, Chart and TipsMainlineMay 29, 2017Rs 211.68 Cr8.58xRs 210.00Rs 208.95 (-0.5%)Rs 679.40 (223.52%)Rs 846.00 (Aug 23, 2023)Rs 599.90 (Mar 14, 2024)
Eris Lifesciences LimitedEris Lifesciences Limited IPO detailEris Lifesciences Limited Share Price, Chart and TipsMainlineJun 29, 2017Rs 1741.16 Cr3.29xRs 603.00Rs 601.05 (-0.32%)Rs 1,042.50 (72.89%)Rs 1,066.90 (Jun 24, 2024)Rs 682.85 (Jul 03, 2023)
IRB InvIT FundIRB InvIT Fund IPO detailIRB InvIT Fund Share Price, Chart and TipsMainlineMay 18, 2017Rs 5921.10 Cr8.57xRs 102.00Rs 101.79 (-0.21%)Rs 66.70 (-34.61%)Rs 74.74 (Sep 15, 2023)Rs 63.50 (Jun 04, 2024)
  • The above list represents data from 2007 till date.
  • The current market price may not be a true reflection of the IPO performance as of today as it is includes the effect of price change on account of corporate actions like stock split, bonus (if any) till date.