Shares of Vibhor Steel Tubes, which gave the second highest listing day gain (193% over its issue price) of all time, have nosedived from Rs 442 (day 1 closing price) to Rs 245 (last trading price), a sharp drop of 45% in just about 20 days. Similarly, shares of BLS E-Services, which gave the sixth-highest listing day gain (175%) of all time, have cracked from 371 to 296 in little over a month. The IPOs of Vibhor Steel Tubes and BLS E-Services had received a thunderous response from investors and were booked 320 times and 162 times, respectively.
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