From Paytm to Windlas Biotech, a look at worst Street debutants of 2021

SUMMARY

It has been a good year on Dalal Street with equity benchmarks breaking a chain of records to scale unprecedented heights. While most debutants on the Street have enjoyed a robust response from investors, about one-third have failed to command a premium to the issue price on the listing day. Paytm, whose IPO worth Rs 18,300 crore is the biggest of all time in India, joins the list of 2021's worst listings. Among them are Windlas Biotech, whose IPO saw a subscription of 22.5 times but shares settled at a discount of 57 percent on the listing day. RateGain Travel Tech's IPO saw a subscription of more than 17 times, but shares finished the listing day down 20 percent compared with the issue price. Here's a list of the year's top listing day laggards:

By Sandeep Singh Dec 31, 2021 6:43:58 PM IST (Updated)

Windlas Biotech | The stock debuted on BSE at a discount of 54 percent to its issue price of Rs 954. Windlas Biotech closed at Rs 406.7 apiece on the listing day, a discount of 57.4 percent. The company's IPO was subscribed 22.5 times the shares on offer.

Paytm (One97 Communications) | Paytm parent One97 Communications' shares debuted on the bourses at a discount of around nine percent each to its issue price of Rs 2,150. The stock tumbled declined further on the listing day, closing at Rs 1,564.2 apiece on BSE, taking its discount to 27.2 percent. The company's IPO saw an overall subscription of 1.9 times.

RateGain Travel Technologies | The stock began its journey in the secondary market at Rs 364.8 apiece on BSE, a discount of 14.2 percent to its issue price of Rs 425. RateGain shares closed at Rs 340.5 apiece on the listing day, a discount of 19.9 percent. RateGain's IPO saw an overall subscription of 17.4 times.

Shriram Properties | The stock listed at Rs 94 apiece on BSE, a discount of 20.3 percent to the issue price of Rs 118. However, the Shriram group company's stock recovered some of the initial losses to finish the listing day at Rs 99.4 apiece on BSE, a discount of 15.8 percent. Shriram Properties' IPO was subscribed 4.6 times.

Kalyan Jewellers | The stock started its journey on BSE at Rs 73.9 apiece, a discount of 15.1 percent compared with its issue price of Rs 87. The stock, however, brought down its discount to 13.4 percent by closing at Rs 75.3 apiece on the listing day. Its IPO was subscribed 2.6 times the shares on offer.

CarTrade Tech | The stock debuted on BSE at Rs 1,600 apiece, a discount of 1.1 percent to its issue price of Rs 1,618. CarTrade shares closed at Rs 1,500.1 apiece on the listing day, taking its discount to 7.3 percent. The company's IPO was booked an overall 20.3 times the shares on offer.

Nuvoco Vistas Corp | The stock began its journey in the secondary market at a discount of 17.4 percent. Nuvoco shares listed on BSE at Rs 471 apiece, as against the issue price of Rs 570. However, Nuvoco Vistas shares recovered some ground by the end of the listing day, finishing at Rs 531.3 apiece on BSE, 6.8 percent below the issue price. The company's IPO was subscribed 1.7 times the shares on offer.

SJS Enterprises | The stock listed on BSE at Rs 548 apiece, a discount of 0.4 percent to its issue price. SJS Enterprises shares declined further on the listing day to close at Rs 509.9 apiece on the bourse, a discount of 5.9 percent to their issue price of Rs 542. Its IPO saw an overall subscription of 1.6 times.

Fino Payments Bank | The stock began its journey in the secondary market at a discount to its issue price of Rs 577. Fino Payments Bank shares listed at Rs 548 apiece on BSE, a discount of five percent, and finished the listing day at Rs 545.3 apiece. The company's IPO saw a subscription of two times.

Anupam Rasayan | The stock listed on BSE at Rs 534.7 apiece, a discount of 3.7 percent to its issue price of Rs 555. Anupam Rasayan shares ended the listing day at Rs 525.9 apiece on the bourse, taking its discount to 5.2 percent. The company's IPO was booked 44 times the shares on offer.