FREE Account Opening + No Clearing Fees
Loading...

Biggest SME 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 SME 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
Abhishek Integrations LimitedAbhishek Integrations Limited IPO detailAbhishek Integrations Limited Share Price, Chart and TipsSMEJun 21, 2021Rs 4.95 Cr10.5xRs 50.00Rs 38.00 (-24%)Rs 76.50 (53%)
Markolines Traffic Controls LimitedMarkolines Traffic Controls Limited IPO detailMarkolines Traffic Controls Limited Share Price, Chart and TipsSMESep 27, 2021Rs 40.00 Cr2.18xRs 78.00Rs 65.30 (-16.28%)Rs 257.90 (230.64%)Rs 264.85 (Jul 03, 2024)Rs 110.50 (Jul 13, 2023)
Ashapuri Gold Ornament LtdAshapuri Gold Ornament Ltd IPO detailAshapuri Gold Ornament Ltd Share Price, Chart and TipsSMEMar 17, 2021Rs 30.02 Cr1.17xRs 81.00Rs 70.05 (-13.52%)Rs 7.17 (-91.15%)Rs 16.27 (Jan 09, 2024)Rs 6.87 (Jul 04, 2023)
Navoday Enterprises LimitedNavoday Enterprises Limited IPO detailNavoday Enterprises Limited Share Price, Chart and TipsSMEJun 25, 2021Rs 4.61 Cr2.36xRs 20.00Rs 18.55 (-7.25%)Rs 7.88 (-60.6%)Rs 14.12 (Sep 28, 2023)Rs 5.97 (Jul 05, 2023)
Nidan Laboratories and Healthcare LimitedNidan Laboratories and Healthcare Limited IPO detailNidan Laboratories and Healthcare Limited Share Price, Chart and TipsSMENov 12, 2021Rs 50.00 Cr1.8xRs 125.00Rs 117.75 (-5.8%)Rs 37.55 (-69.96%)
MRP Agro LimitedMRP Agro Limited IPO detailMRP Agro Limited Share Price, Chart and TipsSMEFeb 18, 2021Rs 3.24 Cr3.21xRs 40.00Rs 37.80 (-5.5%)Rs 112.00 (180%)Rs 122.70 (Jul 01, 2024)Rs 30.69 (Jul 21, 2023)
Kotyark Industries LtdKotyark Industries Ltd IPO detailKotyark Industries Ltd Share Price, Chart and TipsSMENov 02, 2021Rs 11.26 Cr7.15xRs 51.00Rs 48.45 (-5%)Rs 970.50 (1802.94%)
Aashka Hospitals LimitedAashka Hospitals Limited IPO detailAashka Hospitals Limited Share Price, Chart and TipsSMESep 01, 2021Rs 101.64 Cr1.3xRs 121.00Rs 115.05 (-4.92%)Rs 121.75 (0.62%)Rs 126.55 (Jul 03, 2024)Rs 43.16 (Jul 19, 2023)
Brandbucket Media & Technology LimitedBrandbucket Media & Technology Limited IPO detailBrandbucket Media & Technology Limited Share Price, Chart and TipsSMEDec 31, 2021Rs 8.25 Cr1.58xRs 55.00Rs 52.50 (-4.55%)Rs 8.84 (-83.93%)Rs 45.40 (Jan 12, 2024)Rs 7.47 (May 23, 2024)
DU Digital Technologies LimitedDU Digital Technologies Limited IPO detailSMEAug 26, 2021Rs 4.49 Cr22.99xRs 65.00Rs 63.00 (-3.08%)Rs 331.85 (410.54%)
AA Plus Tradelink LimitedAA Plus Tradelink Limited IPO detailAA Plus Tradelink Limited Share Price, Chart and TipsSMEJul 22, 2021Rs 6.48 Cr1.46xRs 18.00Rs 17.50 (-2.78%)Rs 21.70 (20.56%)Rs 21.73 (Jul 03, 2024)Rs 7.01 (Feb 05, 2024)
Jetmall Spices and Masala LimitedJetmall Spices and Masala Limited IPO detailJetmall Spices and Masala Limited Share Price, Chart and TipsSMEApr 19, 2021Rs 4.98 Cr1.36xRs 20.00Rs 19.50 (-2.5%)Rs 10.50 (-47.5%)Rs 27.80 (Aug 18, 2023)Rs 8.68 (Jun 24, 2024)
Destiny Logistics & Infra LimitedDestiny Logistics & Infra Limited IPO detailDestiny Logistics & Infra Limited Share Price, Chart and TipsSMEOct 13, 2021Rs 5.39 Cr4.78xRs 20.00Rs 19.70 (-1.5%)Rs 31.00 (55%)
Quadpro ITeS LimitedQuadpro ITeS Limited IPO detailQuadpro ITeS Limited Share Price, Chart and TipsSMESep 30, 2021Rs 14.10 Cr16.12xRs 20.00Rs 19.85 (-0.75%)Rs 5.40 (-73%)
Network People Services Technologies LimitedNetwork People Services Technologies Limited IPO detailNetwork People Services Technologies Limited Share Price, Chart and TipsSMEAug 10, 2021Rs 13.70 Cr22.37xRs 80.00Rs 79.90 (-0.12%)Rs 1,785.55 (2131.94%)
Siddhika Coatings LimitedSiddhika Coatings Limited IPO detailSiddhika Coatings Limited Share Price, Chart and TipsSMEApr 07, 2021Rs 4.70 Cr2.6xRs 57.00Rs 56.95 (-0.09%)Rs 290.00 (408.77%)

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

  • 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.