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Biggest Mainline IPO Failures in India 2021

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 2021

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
One 97 Communications LimitedOne 97 Communications Limited IPO detailOne 97 Communications Limited Share Price, Chart and TipsMainlineNov 18, 2021Rs 18300.00 Cr1.89xRs 2,150.00Rs 1,564.15 (-27.25%)Rs 417.50 (-80.58%)Rs 998.30 (Oct 20, 2023)Rs 310.00 (May 09, 2024)
Rategain Travel Technologies LimitedRategain Travel Technologies Limited IPO detailRategain Travel Technologies Limited Share Price, Chart and TipsMainlineDec 17, 2021Rs 1335.74 Cr17.41xRs 425.00Rs 340.50 (-19.88%)Rs 769.20 (80.99%)Rs 921.70 (Feb 16, 2024)Rs 407.05 (Jun 30, 2023)
Shriram Properties LimitedShriram Properties Limited IPO detailShriram Properties Limited Share Price, Chart and TipsMainlineDec 20, 2021Rs 600.00 Cr4.6xRs 118.00Rs 99.40 (-15.76%)Rs 111.40 (-5.59%)Rs 140.90 (Feb 06, 2024)Rs 62.95 (Jul 06, 2023)
Kalyan Jewellers India LimitedKalyan Jewellers India Limited IPO detailKalyan Jewellers India Limited Share Price, Chart and TipsMainlineMar 26, 2021Rs 1175.00 Cr2.61xRs 87.00Rs 75.30 (-13.45%)Rs 486.75 (459.48%)Rs 546.00 (Jun 28, 2024)Rs 139.50 (Jun 30, 2023)
Windlas Biotech LimitedWindlas Biotech Limited IPO detailWindlas Biotech Limited Share Price, Chart and TipsMainlineAug 16, 2021Rs 401.54 Cr22.44xRs 460.00Rs 406.70 (-11.59%)Rs 720.05 (56.53%)Rs 794.50 (Jun 13, 2024)Rs 295.55 (Jul 03, 2023)
Suryoday Small Finance Bank LtdSuryoday Small Finance Bank Ltd IPO detailSuryoday Small Finance Bank Ltd Share Price, Chart and TipsMainlineMar 26, 2021Rs 582.34 Cr2.37xRs 305.00Rs 276.20 (-9.44%)Rs 190.00 (-37.7%)Rs 217.70 (May 02, 2024)Rs 142.30 (Oct 26, 2023)
CarTrade Tech LimitedCarTrade Tech Limited IPO detailCarTrade Tech Limited Share Price, Chart and TipsMainlineAug 20, 2021Rs 2998.51 Cr20.29xRs 1,618.00Rs 1,500.10 (-7.29%)Rs 805.95 (-50.19%)Rs 973.60 (May 08, 2024)Rs 479.60 (Jun 30, 2023)
Nuvoco Vistas Corporation LtdNuvoco Vistas Corporation Ltd IPO detailNuvoco Vistas Corporation Ltd Share Price, Chart and TipsMainlineAug 23, 2021Rs 5000.00 Cr1.71xRs 570.00Rs 531.30 (-6.79%)Rs 356.70 (-37.42%)Rs 398.00 (Dec 27, 2023)Rs 291.30 (Mar 13, 2024)
S.J.S. Enterprises LimitedS.J.S. Enterprises Limited IPO detailS.J.S. Enterprises Limited Share Price, Chart and TipsMainlineNov 15, 2021Rs 800.00 Cr1.59xRs 542.00Rs 509.85 (-5.93%)Rs 832.15 (53.53%)Rs 832.00 (Jun 14, 2024)Rs 552.05 (Jan 24, 2024)
Fino Payments Bank LimitedFino Payments Bank Limited IPO detailFino Payments Bank Limited Share Price, Chart and TipsMainlineNov 12, 2021Rs 1200.29 Cr2.03xRs 577.00Rs 545.25 (-5.5%)Rs 305.20 (-47.11%)Rs 384.00 (Feb 06, 2024)Rs 249.40 (Dec 21, 2023)
Anupam Rasayan India LimitedAnupam Rasayan India Limited IPO detailAnupam Rasayan India Limited Share Price, Chart and TipsMainlineMar 24, 2021Rs 760.00 Cr44.06xRs 555.00Rs 525.90 (-5.24%)Rs 766.40 (38.09%)Rs 1,106.30 (Jan 04, 2024)Rs 720.40 (Jun 05, 2024)
Macrotech Developers LimitedMacrotech Developers Limited IPO detailMacrotech Developers Limited Share Price, Chart and TipsMainlineApr 19, 2021Rs 2500.00 Cr1.36xRs 486.00Rs 463.15 (-4.7%)Rs 1,492.55 (207.11%)Rs 1,649.95 (Jun 18, 2024)Rs 641.05 (Aug 28, 2023)
Indian Railway Finance Corporation LimitedIndian Railway Finance Corporation Limited IPO detailIndian Railway Finance Corporation Limited Share Price, Chart and TipsMainlineJan 29, 2021Rs 4633.38 Cr3.49xRs 26.00Rs 24.85 (-4.42%)Rs 176.50 (578.85%)Rs 200.00 (Jun 03, 2024)Rs 32.35 (Jul 17, 2023)
Craftsman Automation LimitedCraftsman Automation Limited IPO detailCraftsman Automation Limited Share Price, Chart and TipsMainlineMar 25, 2021Rs 823.70 Cr3.82xRs 1,490.00Rs 1,433.00 (-3.83%)Rs 5,764.10 (286.85%)Rs 5,690.00 (Jun 25, 2024)Rs 3,782.05 (Mar 20, 2024)
Aptus Value Housing Finance India LtdAptus Value Housing Finance India Ltd IPO detailAptus Value Housing Finance India Ltd Share Price, Chart and TipsMainlineAug 24, 2021Rs 2780.05 Cr17.2xRs 353.00Rs 346.50 (-1.84%)Rs 343.45 (-2.71%)Rs 392.00 (Feb 07, 2024)Rs 244.60 (Jul 04, 2023)
Brookfield India Real Estate TrustBrookfield India Real Estate Trust IPO detailBrookfield India Real Estate Trust Share Price, Chart and TipsMainlineFeb 16, 2021Rs 3800.00 Cr7.94xRs 275.00Rs 269.96 (-1.83%)Rs 269.18 (-2.12%)Rs 271.92 (Jul 10, 2023)Rs 231.30 (Oct 11, 2023)
Aditya Birla Sun Life AMC LtdAditya Birla Sun Life AMC Ltd IPO detailAditya Birla Sun Life AMC Ltd Share Price, Chart and TipsMainlineOct 11, 2021Rs 2768.26 Cr5.25xRs 712.00Rs 699.65 (-1.73%)Rs 649.55 (-8.77%)Rs 701.90 (Jun 14, 2024)Rs 366.00 (Jul 10, 2023)
Metro Brands LimitedMetro Brands Limited IPO detailMetro Brands Limited Share Price, Chart and TipsMainlineDec 22, 2021Rs 1367.51 Cr3.64xRs 500.00Rs 493.55 (-1.29%)Rs 1,237.95 (147.59%)Rs 1,441.20 (Nov 30, 2023)Rs 929.00 (Jun 30, 2023)
Chemplast Sanmar LimitedChemplast Sanmar Limited IPO detailChemplast Sanmar Limited Share Price, Chart and TipsMainlineAug 24, 2021Rs 3850.00 Cr2.17xRs 541.00Rs 534.90 (-1.13%)Rs 563.55 (4.17%)Rs 633.90 (Jun 14, 2024)Rs 402.80 (Jun 10, 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.