Biggest fall pull recent IPOs below issue price

Market completely was on free fall today following weak cues across the globe. Sensex crashed nearly 2062 points or 12% in a single day. Nifty slipped by 728 points or 14.6% though both recovered at the end of the session to some extent. Every stock got under selling pressure even newly listed stocks not remained aside from this big heat.

Nearly half stocks, listed in the last one year, are trading below issue price and today’s big fall smashed these stocks very badly.

Porwal Auto, Precision Pipes and Manaksia are down about 32% to its issue price. Brigade Enterprises, a real estate developer, slipped over 26%.

All textile stocks have been getting ruined badly because of rupee appreciation since one year and today’s biggest fall impacted heavily.

Company	Issue Price	Current Price	% Loss
House of Pearl	550	210.95	-61.65
Broadcast	120	48.15	-59.88
Vijayeswari Tex	100	42.55	-57.45
IVR Prime	550	255.35	-53.57
Decolight Ceram	54	27.65	-48.8
Asahi Songwon	90	47.05	-47.72
Jagjanani Text	25	13.1	-47.6
Oriental Trimex	48	26.05	-45.73
Alpa Laboratori	68	38	-44.12
Technocraft Ind	105	61.5	-41.43
Nelcast	219	129.05	-41.07
Raj Television	257	152.85	-40.53
Hilton Metal	70	41.9	-40.14
Empee Distiller	400	246.6	-38.35
KPR Mill	225	141	-37.33
AMD Metplast	75	47.4	-36.8
SMS Pharma	380	250.95	-33.96
Porwal Auto	75	49.75	-33.67
Precision Pipes	150	100.45	-33.03
Lawreshwar Poly	16	10.81	-32.44
Manaksia	160	108.35	-32.28
Rathi Bars	35	24.95	-28.71
Renaissance Jew	150	107	-28.67
Insecticides In	115	82.3	-28.43
Cinemax India	155	112.7	-27.29
Brigade Enterp	390	286.75	-26.47
Transwarranty	52	39	-25
Dhanus Tech	295	223.25	-24.32
Fortis Health	108	84.55	-21.71
Spice Comm	46	36.1	-21.52
Lumax Auto	75	60.45	-19.4
Abhishek Mills	100	80.9	-19.1
Mudra Lifestyle	90	72.95	-18.94
C and C Const	291	239.45	-17.71
Zylog Systems	350	291.55	-16.7
Autoline Ind	225	192.55	-14.42
Firstsource Sol	64	56.7	-11.41
Mindtree Cons	425	378.8	-10.87
Puravankara Pro	400	359.45	-10.14
Asian Granito I	97	88	-9.28
Celestial Labs	60	55.2	-8
Magnum Ventures	30	27.7	-7.67
Roman Tarmat	175	162.2	-7.31
Circuit Systems	35	34.7	-0.86
Kaushalya Infra	60	59.8	-0.33