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Biggest SME IPO Failures in India 2019

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.

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Biggest SME IPO Flops 2019

Issuer Company	Issue Type	Listing Date	Issue Size	Subscribed	Issue Price	Listing Day Price	Current Price	52 Week High	52 Week Low
Gleam Fabmat Limited	SME	Mar 05, 2019	Rs 3.12 Cr	1.75x	Rs 10.00	Rs 8.55 (-14.5%)	Rs 2.84 (-71.6%)	Rs 2.84 (Jul 01, 2024)	Rs 2.71 (Jun 20, 2024)
Mindpool Technologies Limited	SME	Feb 28, 2019	Rs 3.60 Cr	2.09x	Rs 30.00	Rs 28.50 (-5%)	Rs 85.00 (183.33%)
Jinaams Dress Limited	SME	Apr 25, 2019	Rs 42.48 Cr	1.21x	Rs 59.00	Rs 56.10 (-4.92%)	Rs 2.37 (-95.98%)	Rs 2.77 (Apr 18, 2022)	Rs 2.37 (May 09, 2022)
Suich Industries Limited	SME	Jun 13, 2019	Rs 30.86 Cr	1.39x	Rs 75.00	Rs 71.35 (-4.87%)	Rs 4.33 (-94.23%)
V R Films & Studios Limited	SME	Apr 30, 2019	Rs 2.27 Cr	1.53x	Rs 61.00	Rs 60.00 (-1.64%)	Rs 24.51 (-59.82%)	Rs 71.57 (Aug 04, 2023)	Rs 22.02 (Mar 28, 2024)
Meera Industries Limited	SME	Jun 26, 2019	Rs 11.75 Cr	1.16x	Rs 225.00	Rs 221.90 (-1.38%)	Rs 50.15 (-77.71%)	Rs 59.80 (Feb 09, 2024)	Rs 34.98 (Dec 20, 2023)
City Pulse Multiplex Limited	SME	Jul 11, 2019	Rs 3.98 Cr	3x	Rs 30.00	Rs 29.65 (-1.17%)	Rs 195.00 (550%)	Rs 195.00 (Jul 03, 2024)	Rs 67.30 (Nov 28, 2023)
Par Drugs and Chemicals Limited	SME	May 16, 2019	Rs 8.53 Cr	5.74x	Rs 51.00	Rs 50.45 (-1.08%)	Rs 242.23 (374.96%)	Rs 325.00 (Apr 19, 2024)	Rs 178.00 (Aug 29, 2023)
Kranti Industries Limited	SME	Feb 28, 2019	Rs 8.58 Cr	1.29x	Rs 37.00	Rs 36.95 (-0.14%)	Rs 69.71 (88.41%)	Rs 112.80 (Aug 11, 2023)	Rs 65.20 (May 13, 2024)

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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.

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