Blockbuster IPOs: Orbit Corp, Everonn, MIC Electronics

2008-01-01 17:00:08 Source : moneycontrol.com

2007 was a MALAMAAL year for investors and record-breaking year for markets. Sensex with a return of 47% outperformed most of the major Asian and other global markets. IPOs were not behind in this race and gave some bumper returns to the investors. Companies raised more than Rs 45,000 crore from capital markets in 2007, which was 80% more than the money raised in 2006.

FIIs were one of the key drivers for the growth shown by the secondary market as well as primary market. FIIs pumped in huge money and invested nearly USD 17 billion. FIIs flow in Indian markets was robust and is expected to remain strong in forthcoming years.

103 companies got listed in 2007, out of which 78 companies gave good returns while the rest remained below issue price. Wealth creators among IPOs had offered more than 250%-750% returns since their listing, which includes Orbit Corp, Everonn Systems, MIC Electronics, GBN, Allied Digital, Vishal Retail etc. Nearly 28 companies gave profits in a band of 100%-250%.

Orbit Corporation, real estate developer, was the star performer of the year, offered over 750% returns in 9 months. The company had raised over Rs 100 crore from its IPO of 91 lakh shares at a price of Rs 110 per share in April.

A fully integrated knowledge management, education and learning solutions company, Everonn Systems was the second topper in the gainers list. It gave hefty gains over 640% in just five months since listing. It had come out with a public issue of 35.71 lakh shares at a price band of Rs 125-140 per share and raised nearly Rs 50 crore.

MIC Electronics, a Hyderabad base player in Light Emitting Diode (LED) display systems, offered over 500% returns since listing in May 2007. The company garnered Rs 76.5 crore from capital markets by issuing 51 lakh shares at Rs 150 per share.

However, 23 companies were still below issue price in the year 2007, viz Broadcast Initiatives, House of Pearl, Vijayeswari, Orient Trimex etc.

Top IPO money collector of the year was DLF, India's largest real estate company and fourth biggest company by market cap, which garnered more than Rs 9,100 crore and in FPOs, ICICI Bank, India's second leading bank, mopped up over Rs 10,000 crore (including green shoe option).

Power Grid Corp, India's major power distribution company, raised nearly Rs 3000 crore by issuing equity of 5,739 lakh shares at Rs 52 per share.

Equity	Issue Price	Current Price	%Gain/Loss
Orbit Corporati	110	940	754.55
Everonn Systems	140	1043.1	645.07
MIC Electronics	150	918	512
Pyramid Saimira	100	534.1	434.1
Allied Computer	12	61.85	415.42
GBN	250	1042	316.8
Gremach Infra	86	350.2	307.21
Allied Digital	190	743	291.05
Redington	113	422.35	273.76
Vishal Retail	270	946	250.37
Refex Refrigera	65	204.5	214.62
Power Finance	85	262	208.24
Time Techno	315	960	204.76
ICRA	330	999.5	202.88
Religare Enterp	185	548	196.22
Ashtavinayak	160	461	188.13
Mundra Port	440	1267	187.95
Nitin Fire Prot	190	545	186.84
Tanla Solutions	265	739.9	179.21
Power Grid Corp	52	142.85	174.71
Ankit Metal	36	95.15	164.31
Maytas Infra	370	893.9	141.59
Cambridge Tech	38	91	139.47
Indowind Energy	65	148	127.69
Saamya Biotech	10	22.65	126.5
Koutons Retail	415	930	124.1
Simplex Project	185	412.75	123.11
Varun Industrie	60	133.75	122.92
Bhagwati Banque	40	88	120
Indus Fila	170	373	119.41
Akruti City	540	1164	115.56
Motilal Oswal F	825	1762.1	113.59
Glory Polyfilms	48	102	112.5
Indian Bank	91	193	112.09
Suryachakra Pow	20	42.2	111
HDIL	500	1045	109
DLF	525	1066	103.05
Consolidated Co	510	1025	100.98
Advanta	640	1225	91.41
Kaveri Seed Co	170	325.05	91.21
Meghmani Organi	19	36.3	91.05
Edelweiss Cap	825	1533.5	85.88
Omaxe	310	570.1	83.9
Idea Cellular	75	131.3	75.07
Evinix	120	208	73.33
Take Solutions	730	1240	69.86
Astral Poly Tec	115	195	69.57
Pochiraju Ind	30	48.6	62
Supreme Infra	108	174.5	61.57
Kolte-Patil	145	227	56.55
Transformers	465	726	56.13
Cairn India	160	247.2	54.5
Kaushalya Infra	60	92.55	54.25
Binani Cement	75	115	53.33
Omnitech Infoso	105	153	45.71
Euro Ceramics	165	237	43.64
eClerx Services	315	448.3	42.31
Spice Comm	46	62.1	35
Central Bank	102	134.1	31.47
Page Industries	360	465	29.17
SEL Manufacturi	90	115	27.78
Barak Vally Cem	42	52.5	25
Jyothy Labs	690	858	24.35
Roman Tarmat	175	212	21.14
Zylog Systems	350	423	20.86
Lumax Auto	75	88.7	18.27
Magnum Ventures	30	35.3	17.67
Mindtree Cons	425	494.1	16.26
Firstsource Sol	64	73.3	14.53
Dhanus Tech	295	330	11.86
Circuit Systems	35	39	11.43
Cinemax India	155	170.15	9.77
Mudra Lifestyle	90	98.75	9.72
Puravankara Pro	400	434.8	8.7
Asian Granito I	97	104.3	7.53
Autoline Ind	225	230.5	2.44
Celestial Labs	60	61.45	2.42
Renaissance Jew	150	151	0.67
Rathi Bars	35	35.05	0.14
Fortis Health	108	106	-1.85
Brigade Enterprises	390	378.55	-2.94
C and C Const	291	271.5	-6.7
AMD Metplast	75	62.5	-16.67
Raj Television	257	214	-16.73
IVR Prime	550	453	-17.64
Nelcast	219	176	-19.63
Empee Distiller	400	318.15	-20.46
KPR Mill	225	175.95	-21.8
Lawreshwar Poly	16	12.51	-21.81
Technocraft Ind	105	81.2	-22.67
Transwarranty	52	40.05	-22.98
Insecticides In	115	87.05	-24.3
SMS Pharma	380	281.25	-25.99
Hilton Metal	70	51.75	-26.07
Asahi Songwon	90	66	-26.67
Alpa Laboratori	68	49.65	-26.99
Decolight Ceram	54	38.2	-29.26
Abhishek Mills	100	68.65	-31.35
Jagjanani Text	25	15.78	-36.88
Oriental Trimex	48	29.8	-37.92
Vijayeswari Tex	100	55.5	-44.5
House of Pearl	550	281	-48.91
Broadcast	120	59	-50.83