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IPO Watch: Mixed Bag

December turned out to be a mixed bag for the Sensex, replete with extreme volatility. However, the recently-listed stocks didn't fair too badly.

December turned out to be a mixed bag for the Sensex, replete with extreme volatility. However, the recently-listed stocks didn't fair too badly.

Nissan Copper which was oversubscribed five times, listed at a gain of 230 per cent. While Sobha Developers, in eight trading sessions yielded a 55.58 per cent return, for those who participated in the IPO, Blue Bird, which manufactures paper-based notebooks and stationery products, is yet to break even for investors who purchased it at the IPO price.

HOV services has managed to provide a maximum return of a 5.45 per cent since its listing, but has remained in the red most of the time since listing on the bourses.

Tech Mahindra has managed to find its place on our list consistently since its listing. But the flavour of the month was the construction company Atlanta, which entered into an MoU to set up SEZs in the Ahemdabad district. The much-awaited listing of Info Edge, which owns portals like Naukri.com and Jeevansathi.com touched a high of Rs 623.80 on its first trading session. Development Credit Bank too felt the effect of the CRR hike and its price dropped by five per cent on December 11 and 6 per cent on December 12, 2006, only to gain 8 per cent on December 13, 2006.