Om Freight Forwarders Limited debuted on October 8 at a 39% discount to its issue price of ₹135. It closed 36% lower. The ₹122 crore IPO was subscribed nearly four times, with retail investors taking more than twice their quota. Glottis Limited listed a day earlier at 35% below its issue price of ₹129 and ended deep in the red.

Glottis recovered briefly on day two, but selling pressure returned quickly. Its IPO was subscribed 2.05 times, while BMW Ventures opened 25% below ₹99 and dropped 40% since listing.

In the past 13 trading sessions, more than 20 companies listed. Yet, nearly two-thirds now trade below their issue prices. The trend highlights post-IPO losses and growing investor caution.

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The company disclosed contingent liabilities worth Rs 4,717 crore, nearly 73 percent of its net worth, mainly from disputed tax claims under litigation. Any negative outcome could reduce future earnings or require large provisions.

LG Electronics India pays a fixed royalty of 2.3 percent of net sales for most products and 2.4 percent for LCD TVs and monitors. The promoter can increase fees up to 5 percent without shareholder approval, potentially affecting profit margins. A Rs 315 crore contingent liability is linked to royalty payments to the promoter. Post-listing, the South Korean parent will retain an 85 percent stake, limiting minority shareholder influence on key decisions.

Despite these concerns, LG Electronics India has reported strong financials. For FY25, revenue stood at Rs 24,367 crore with net profit at Rs 2,203 crore. EBITDA margins were 12.8 percent. The company is debt-free, with revenue growing 10.9 percent annually over recent years, showing healthy profitability and operational strength.

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The listing disappointed investors as the issue price was Rs 99 per share. Many expected gains because the stock traded at a 36 per cent premium in the grey market before listing.

The IPO opened from September 26 to 30 and raised Rs 23.5 crore through fresh shares. Investors subscribed the issue more than 28 times. Non-institutional buyers showed maximum demand, subscribing their portion 57 times. Fedex Securities managed the issue, while Bigshare Services worked as registrar.

Founded in 1998, the company operates in agro-processing and deals in wheat, mustard, maize, soybeans, and coriander. It owns three warehouses with 20,000 MT capacity and leases two more of similar size. A processing unit in RIICO with 3,500 MT storage supports its operations. With 118 distributors across India, the firm will use IPO funds to expand working capital and cover corporate needs.

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