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Biggest Mainline IPO Failures in India 2018

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 2018

Issuer Company Issue Type Listing Date Issue Size Subscribed Issue Price Listing Day Price Current Price 52 Week High 52 Week Low
Karda Construction LtdKarda Construction Ltd IPO detailKarda Construction Ltd Share Price, Chart and TipsMainlineApr 02, 2018Rs 77.40 Cr2.53xRs 180.00Rs 142.80 (-20.67%)Rs 2.01 (-88.83%)Rs 3.20 (Jul 04, 2023)Rs 1.57 (Jun 12, 2024)
ICICI Securities LtdICICI Securities Ltd IPO detailICICI Securities Ltd Share Price, Chart and TipsMainlineApr 04, 2018Rs 4016.97 Cr0.78xRs 520.00Rs 445.05 (-14.41%)Rs 767.65 (47.63%)Rs 866.45 (Jan 31, 2024)Rs 593.40 (Jun 30, 2023)
IRCON International LimitedIRCON International Limited IPO detailIRCON International Limited Share Price, Chart and TipsMainlineSep 28, 2018Rs 470.49 Cr9.77xRs 475.00Rs 416.65 (-12.28%)Rs 276.10 (190.63%)Rs 301.45 (May 21, 2024)Rs 79.00 (Jul 13, 2023)
Garden Reach Shipbuilders & Engineers LimitedGarden Reach Shipbuilders & Engineers Limited IPO detailGarden Reach Shipbuilders & Engineers Limited Share Price, Chart and TipsMainlineOct 10, 2018Rs 344.69 Cr1.02xRs 118.00Rs 105.10 (-10.93%)Rs 2,457.50 (1982.63%)Rs 2,174.70 (Jun 27, 2024)Rs 559.00 (Jul 04, 2023)
Bharat Dynamics LtdBharat Dynamics Ltd IPO detailBharat Dynamics Ltd Share Price, Chart and TipsMainlineMar 23, 2018Rs 960.94 Cr1.29xRs 428.00Rs 390.70 (-8.71%)Rs 1,632.45 (662.83%)Rs 1,662.95 (Jun 03, 2024)Rs 450.00 (Oct 25, 2023)
TCNS Clothing Co. LimitedTCNS Clothing Co. Limited IPO detailTCNS Clothing Co. Limited Share Price, Chart and TipsMainlineJul 30, 2018Rs 1125.13 Cr5.22xRs 716.00Rs 657.80 (-8.13%)Rs 552.40 (-22.85%)Rs 571.65 (Jun 10, 2024)Rs 329.00 (Mar 13, 2024)
Hindustan Aeronautics LimitedHindustan Aeronautics Limited IPO detailHindustan Aeronautics Limited Share Price, Chart and TipsMainlineMar 28, 2018Rs 4144.06 Cr0.99xRs 1,215.00Rs 1,128.35 (-7.13%)Rs 5,457.40 (798.34%)Rs 5,582.80 (Jun 19, 2024)Rs 1,767.80 (Oct 26, 2023)
Aavas Financiers LimitedAavas Financiers Limited IPO detailAavas Financiers Limited Share Price, Chart and TipsMainlineOct 08, 2018Rs 1734.07 Cr0.97xRs 821.00Rs 773.15 (-5.83%)Rs 1,857.95 (126.3%)Rs 1,978.95 (Jun 19, 2024)Rs 1,307.00 (Mar 28, 2024)
Aster DM Healthcare LtdAster DM Healthcare Ltd IPO detailAster DM Healthcare Ltd Share Price, Chart and TipsMainlineFeb 26, 2018Rs 980.14 Cr1.31xRs 190.00Rs 179.85 (-5.34%)Rs 346.90 (82.58%)Rs 558.00 (Apr 15, 2024)Rs 279.50 (Jun 30, 2023)
Sandhar Technologies LimitedSandhar Technologies Limited IPO detailSandhar Technologies Limited Share Price, Chart and TipsMainlineApr 02, 2018Rs 565.60 Cr6.14xRs 332.00Rs 322.55 (-2.85%)Rs 595.95 (79.5%)Rs 595.00 (Jun 12, 2024)Rs 312.80 (Jun 30, 2023)
CreditAccess Grameen LimitedCreditAccess Grameen Limited IPO detailCreditAccess Grameen Limited Share Price, Chart and TipsMainlineAug 23, 2018Rs 1131.19 Cr2.22xRs 422.00Rs 420.80 (-0.28%)Rs 1,325.95 (214.21%)Rs 1,796.00 (Dec 14, 2023)Rs 1,190.10 (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.