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Biggest SME 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 SME 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
Ghushine Fintrrade Ocean LtdGhushine Fintrrade Ocean Ltd IPO detailSMEMay 05, 2016Rs 2.60 CrRs 10.00Rs 8.00 (-20%)
CHD Chemicals LtdCHD Chemicals Ltd IPO detailCHD Chemicals Ltd Share Price, Chart and TipsSMEApr 01, 2016Rs 1.98 CrRs 11.00Rs 8.80 (-20%)Rs 7.06 (-35.82%)Rs 10.90 (Jan 09, 2024)Rs 3.79 (Aug 02, 2023)
Husys Consulting LtdHusys Consulting Ltd IPO detailHusys Consulting Ltd Share Price, Chart and TipsSMESep 27, 2016Rs 4.20 CrRs 69.00Rs 60.60 (-12.17%)Rs 85.15 (23.41%)
Crown Lifters LimitedCrown Lifters Limited IPO detailCrown Lifters Limited Share Price, Chart and TipsSMESep 27, 2016Rs 6.68 CrRs 121.00Rs 109.00 (-9.92%)Rs 314.80 (Jun 24, 2024)Rs 42.70 (Jul 04, 2023)
Blueblood Ventures LtdBlueblood Ventures Ltd IPO detailBlueblood Ventures Ltd Share Price, Chart and TipsSMEFeb 08, 2016Rs 7.04 CrRs 50.00Rs 45.05 (-9.9%)Rs 11.07 (-77.86%)Rs 11.07 (May 29, 2023)Rs 11.07 (May 29, 2023)
Radhika Jeweltech LtdRadhika Jeweltech Ltd IPO detailRadhika Jeweltech Ltd Share Price, Chart and TipsSMESep 27, 2016Rs 49.50 CrRs 75.00Rs 71.00 (-5.33%)Rs 61.03 (306.87%)Rs 76.50 (Feb 20, 2024)Rs 31.00 (Jul 24, 2023)
Sagardeep Alloys LtdSagardeep Alloys Ltd IPO detailSagardeep Alloys Ltd Share Price, Chart and TipsSMEMay 17, 2016Rs 6.00 CrRs 20.00Rs 19.00 (-5%)Rs 27.82 (39.1%)Rs 40.45 (Jan 04, 2024)Rs 20.15 (Jul 18, 2023)
Sylph Education Solutions LtdSylph Education Solutions Ltd IPO detailSylph Education Solutions Ltd Share Price, Chart and TipsSMEFeb 23, 2016Rs 4.80 CrRs 12.00Rs 11.40 (-5%)Rs 123.65 (930.42%)Rs 123.65 (Jun 26, 2024)Rs 41.45 (Jan 08, 2024)
Ganga Pharmaceuticals LtdGanga Pharmaceuticals Ltd IPO detailGanga Pharmaceuticals Ltd Share Price, Chart and TipsSMEFeb 22, 2016Rs 1.54 CrRs 15.00Rs 14.50 (-3.33%)Rs 24.67 (64.47%)Rs 28.49 (Dec 27, 2023)Rs 7.50 (Aug 30, 2023)
Spicy Entertainment & Media LtdSpicy Entertainment & Media Ltd IPO detailSpicy Entertainment & Media Ltd Share Price, Chart and TipsSMESep 15, 2016Rs 4.82 CrRs 10.00Rs 9.70 (-3%)Rs 3.86 (-61.4%)Rs 3.86 (Feb 27, 2023)Rs 3.86 (Feb 27, 2023)
United Polyfab Gujarat LtdUnited Polyfab Gujarat Ltd IPO detailUnited Polyfab Gujarat Ltd Share Price, Chart and TipsSMEJul 07, 2016Rs 7.65 CrRs 45.00Rs 44.00 (-2.22%)Rs 87.48 (94.4%)Rs 122.50 (Feb 29, 2024)Rs 78.55 (Jun 04, 2024)
HEC Infra Projects LtdHEC Infra Projects Ltd IPO detailHEC Infra Projects Ltd Share Price, Chart and TipsSMEMar 30, 2016Rs 5.39 CrRs 100.00Rs 97.90 (-2.1%)Rs 125.09 (Jun 25, 2024)Rs 33.35 (Jul 11, 2023)
Kwality Pharmaceuticals LtdKwality Pharmaceuticals Ltd IPO detailKwality Pharmaceuticals Ltd Share Price, Chart and TipsSMEJul 18, 2016Rs 6.21 CrRs 45.00Rs 44.50 (-1.11%)Rs 494.85 (999.67%)Rs 590.00 (Jun 18, 2024)Rs 305.55 (Jul 04, 2023)
Riddhi Steel & Tube LtdRiddhi Steel & Tube Ltd IPO detailRiddhi Steel & Tube Ltd Share Price, Chart and TipsSMESep 14, 2016Rs 8.89 CrRs 38.00Rs 37.65 (-0.92%)Rs 56.00 (47.37%)Rs 90.30 (Nov 21, 2023)Rs 30.00 (Oct 20, 2023)

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  • 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.