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Biggest Mainline IPO Failures in India 2016

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 2016

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Healthcare Global Enterprises LtdHealthcare Global Enterprises Ltd IPO detailHealthcare Global Enterprises Ltd Share Price, Chart and TipsMainlineMar 30, 2016Rs 649.64 Cr1.56xRs 218.00Rs 170.95 (-21.58%)Rs 374.55 (71.81%)Rs 401.00 (Feb 19, 2024)Rs 313.00 (Jul 25, 2023)
Quick Heal Technologies LtdQuick Heal Technologies Ltd IPO detailQuick Heal Technologies Ltd Share Price, Chart and TipsMainlineFeb 18, 2016Rs 451.25 Cr10.8xRs 321.00Rs 254.45 (-20.73%)Rs 520.80 (62.24%)Rs 599.70 (Mar 12, 2024)Rs 148.00 (Jul 21, 2023)
ICICI Prudential Life Insurance Company LtdICICI Prudential Life Insurance Company Ltd IPO detailICICI Prudential Life Insurance Company Ltd Share Price, Chart and TipsMainlineSep 29, 2016Rs 6056.79 Cr10.48xRs 334.00Rs 297.65 (-10.88%)Rs 634.20 (89.88%)Rs 640.85 (Apr 12, 2024)Rs 463.45 (Jan 18, 2024)
HPL Electric & Power LtdHPL Electric & Power Ltd IPO detailHPL Electric & Power Ltd Share Price, Chart and TipsMainlineOct 04, 2016Rs 361.00 Cr8.06xRs 202.00Rs 189.05 (-6.41%)Rs 454.20 (124.85%)Rs 496.25 (Jun 19, 2024)Rs 127.90 (Jun 30, 2023)
Precision Camshafts LtdPrecision Camshafts Ltd IPO detailPrecision Camshafts Ltd Share Price, Chart and TipsMainlineFeb 08, 2016Rs 410.00 Cr1.91xRs 186.00Rs 177.25 (-4.7%)Rs 195.95 (5.35%)Rs 319.00 (Sep 06, 2023)Rs 171.55 (Jul 07, 2023)
L&T Infotech LtdL&T Infotech Ltd IPO detailL&T Infotech Ltd Share Price, Chart and TipsMainlineJul 21, 2016Rs 1236.00 Cr11.69xRs 710.00Rs 697.65 (-1.74%)Rs 5,462.95 (669.43%)Rs 6,442.00 (Jan 15, 2024)Rs 4,513.55 (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.