InvestorQ : Can you tell me about the IPOs that listed during the week including CarTrade, Devyani International, Exxaro Tiles and Windlas Biotech?
ishika Banerjee made post

Can you tell me about the IPOs that listed during the week including CarTrade, Devyani International, Exxaro Tiles and Windlas Biotech?

Answer
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4 months ago
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If you look at the four IPOs that listed during the week, the signals were already there in the way their GMP had contracted by 80-90% in no time. The only company that stood out in terms of listing performance was Devyani International, the franchise for Costa Coffee, KFC and Pizza Hug. The stock is still trading 31% above the issue price of Rs.90. While it did not build on gains, it certainly held on to the gains of the listing day due to a strong brand edge.

The others had a not so good listing performance. For example, Windlas Biotech listed at a discount and currently trades 21% below the IPO price. Similarly, CarTrade listed at a discount to its issue price of Rs.1,618 but closed nearly 7.9% lower. Krsnaa Diagnostics listed above IPO price but currently quotes at 4.35% discount to the IPO price. Exxaro Tiles was relatively neutral with gains of around 2.9% but only just about in the green.

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