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Biggest Mainline IPO Failures in India 2022

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 2022

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Abans Holdings LimitedAbans Holdings Limited IPO detailAbans Holdings Limited Share Price, Chart and TipsMainlineDec 23, 2022Rs 345.60 Cr1.1xRs 270.00Rs 216.05 (-19.98%)Rs 488.90 (81.07%)Rs 498.90 (Jun 20, 2024)Rs 254.80 (Jul 03, 2023)
Rainbow Children's Medicare LimitedRainbow Children's Medicare Limited IPO detailRainbow Children's Medicare Limited Share Price, Chart and TipsMainlineMay 10, 2022Rs 1580.85 Cr12.43xRs 542.00Rs 450.10 (-16.96%)Rs 1,298.00 (139.48%)Rs 1,649.00 (May 06, 2024)Rs 941.25 (Jul 03, 2023)
Fusion Micro Finance LimitedFusion Micro Finance Limited IPO detailFusion Micro Finance Limited Share Price, Chart and TipsMainlineNov 15, 2022Rs 1103.99 Cr2.95xRs 368.00Rs 324.90 (-11.71%)Rs 460.35 (25.1%)Rs 691.00 (Aug 01, 2023)Rs 416.20 (Jun 05, 2024)
Prudent Corporate Advisory Services LimitedPrudent Corporate Advisory Services Limited IPO detailPrudent Corporate Advisory Services Limited Share Price, Chart and TipsMainlineMay 20, 2022Rs 538.61 Cr1.22xRs 630.00Rs 562.70 (-10.68%)Rs 1,972.45 (213.09%)Rs 1,955.00 (Jun 27, 2024)Rs 926.30 (Jun 30, 2023)
Landmark Cars LimitedLandmark Cars Limited IPO detailLandmark Cars Limited Share Price, Chart and TipsMainlineDec 23, 2022Rs 552.00 Cr3.06xRs 506.00Rs 460.05 (-9.08%)Rs 709.40 (40.2%)Rs 905.00 (Feb 07, 2024)Rs 639.00 (Jun 04, 2024)
Inox Green Energy Services LimitedInox Green Energy Services Limited IPO detailInox Green Energy Services Limited Share Price, Chart and TipsMainlineNov 23, 2022Rs 740.00 Cr1.55xRs 65.00Rs 59.10 (-9.08%)Rs 174.10 (167.85%)Rs 188.00 (Jun 27, 2024)Rs 55.50 (Jul 05, 2023)
Ethos LimitedEthos Limited IPO detailEthos Limited Share Price, Chart and TipsMainlineMay 30, 2022Rs 472.29 Cr1.04xRs 878.00Rs 802.60 (-8.59%)Rs 2,878.15 (227.81%)Rs 3,044.00 (Mar 11, 2024)Rs 1,360.95 (Jun 30, 2023)
AGS Transact Technologies LtdAGS Transact Technologies Ltd IPO detailAGS Transact Technologies Ltd Share Price, Chart and TipsMainlineJan 31, 2022Rs 680.00 Cr7.79xRs 175.00Rs 161.30 (-7.83%)Rs 79.84 (-54.38%)Rs 126.75 (Jan 29, 2024)Rs 54.15 (Jul 21, 2023)
Elin Electronics LimitedElin Electronics Limited IPO detailElin Electronics Limited Share Price, Chart and TipsMainlineDec 30, 2022Rs 475.00 Cr3.09xRs 247.00Rs 227.80 (-7.77%)Rs 207.20 (-16.11%)Rs 221.80 (Jun 24, 2024)Rs 129.30 (Mar 13, 2024)
Life Insurance Corporation of India (LIC)Life Insurance Corporation of India (LIC) IPO detailLife Insurance Corporation of India (LIC) Share Price, Chart and TipsMainlineMay 17, 2022Rs 21008.48 Cr2.95xRs 949.00Rs 875.45 (-7.75%)Rs 987.80 (4.09%)Rs 1,175.00 (Feb 09, 2024)Rs 597.35 (Oct 26, 2023)
Sula Vineyards LimitedSula Vineyards Limited IPO detailSula Vineyards Limited Share Price, Chart and TipsMainlineDec 22, 2022Rs 960.35 Cr2.33xRs 357.00Rs 331.15 (-7.24%)Rs 498.60 (39.66%)Rs 699.00 (Jan 09, 2024)Rs 435.55 (Jul 06, 2023)
Uniparts India LimitedUniparts India Limited IPO detailUniparts India Limited Share Price, Chart and TipsMainlineDec 12, 2022Rs 835.61 Cr25.32xRs 577.00Rs 539.55 (-6.49%)Rs 521.25 (-9.66%)Rs 722.65 (Aug 04, 2023)Rs 454.00 (Jun 04, 2024)
KFin Technologies LimitedKFin Technologies Limited IPO detailKFin Technologies Limited Share Price, Chart and TipsMainlineDec 29, 2022Rs 1500.00 Cr2.59xRs 366.00Rs 364.00 (-0.55%)Rs 760.00 (107.65%)Rs 822.00 (May 02, 2024)Rs 347.00 (Jun 30, 2023)
Tamilnad Mercantile Bank LimitedTamilnad Mercantile Bank Limited IPO detailTamilnad Mercantile Bank Limited Share Price, Chart and TipsMainlineSep 15, 2022Rs 807.84 Cr2.86xRs 510.00Rs 508.45 (-0.3%)Rs 481.55 (-5.58%)Rs 611.35 (Sep 11, 2023)Rs 402.35 (Jul 03, 2023)
  • 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.