The weak market conditions coupled with negative sentiment prevailing in the markets forced the new listing of Tree House Education and Accessories Limited to slip in the red on the listing day. The shares of Tree House, which listed on the exchanges yesterday on August 26, 2011, initially listed at a discount to the issue price at Rs.132.80 per share, the issue price being fixed at Rs.135 per share

The share went on to touch Rs.161.50 on the BSE at one point of the day, but with overall weakness in the markets soon took its toll and the share crashed to Rs.104.15 as the Intra-day low on the BSE, before concluding the listing day trade at Rs.116.55, at a discount of around 13.67% to the Issue Price. Although there was a special discount of Rs.6 on the Issue Price to the Retail category, Tree House would still show red against its name in investors' portfolio

Tree House Education and Accessories has 223 pre-schools under its brand name 'Tree House' across 33 cities in India. The company intends to utilise the IPO proceeds for expansion of pre-school business; acquisition of office space; procurement of exclusivity rights to provide educational services; construction of infrastructure for educational complexes in Rajasthan and Gujarat and repayment of loan

The Equity Shares of L&T Finance Holdings Limited listed on the exchanges on Friday, August 12, 2011. The share underwent a rather quiet listing with not too much of volatility on the listing day unlike most recent IPOs

L&T Finance opened on the BSE at Rs.51/- as against an Issue Price of Rs.52/- per share. It remained firm throughout the trading day without any crazy price movements and even at the low point of the day, it traded at Rs.49.50, at a discount of only 4.8% on the Issue Price. It did not run away on the upper side as well and only managed to touch Rs.52.50 as the Intra-day High on the BSE. The share finally concluded the listing day at Rs.49.95, down Rs.2.05 to the Issue Price

On the NSE, the share opened at Rs.53.85, which was also the Intra-day high and touched Rs.49.30 on the Intra-day low mark, before closing at Rs.50.05

L&T Finance Holdings Limited closed for subscription on July 29, 2011 and had managed to garner respectable participation with the IPO getting subscribed 5.34 times on an overall basis with 9.61 times oversubscription in the Retail Category. The special shareholders quota was subscribed 3.35 times

The Equity Shares of Inventure Growth and Securities Limited, which were priced at Rs.117/- per share in the recently concluded IPO of the company, witnessed crazy movements in its prices on the listing day.

The share opened above its Issue Price at Rs.119.00 on the BSE and continued to hover in the Rs.100 to Rs.130 range till about initial 4 hours of the trade, before getting volatile. The stock touched Rs.91.55 as an Intra-day low and then continued upward spike to reach Rs.225 as Intra-day high level, before closing at Rs.207.95 on the BSE

For a company that has an After-tax profit of Rs.5.5 crore in FY 2011, such kind of market price is interesting to note. Given the wild spike in the share at the close of the day and the volatilty of recent IPOs upon listing, it would be interesting to see whether these levels of price will be maintained for long or not