INC's roundup of market data provides instant reference to the behavior of the common stocks of small companies. The INC. Index is derived from the stock prices of 55 growth corporations (see INC., September page 148). Initial public offerings are tabulated for the latest available month, together with their first aftermarket trades. The IPO Monitor collectively follows "old" new issues on the stock exchanges.

SMALLER COMPANY INITIAL PUBLIC OFFERINGS: JULY 1981

Offering

O-T-C Size Price

sym. Business/prouct ($ mil.)

Company

ALGH Allegheny & Western Oil & gas 8 8.00

KEJO Kelly-Johnston Restaurants 6.6 11.00

LIEB Liebert Precision control syst. 24 16.00

ORYXU Oryx Communications Dist. Video cassettes 3.325 a 4.75

WINE Schagrin's Food stores 1.102 2.00 B

USDCU U.S. Design Info. storage systems 4.2 a 3.00

ZNIC Zonic Mfg. computer systems 3.45 6.00

FSIG Franklin Signal Mfg. security systems 1.36 2.00

AQNTU Aquanautics Scuba diving equip. 1.4 b 4.50

CDSI Computer Designed Data processing 1.925 2.75

products

ODEX Odetics Info. processing syst. 11.25 18.00

UHSIB Universal Health Manages hospitals 25 20.00

ICNTU Intelligent Comm. Data communications 2.975 a 3.53

KAPLA Globuscope Photography equip. 1.375 a 2.75

IMCI Integrated Microelectronic circuits 2.5 2.50

Microcircuits

OMCR Omnicare Health care services 102 21.25

COMR Comair Transportation services 3 5.00

FERO Ferrofluidics Magnetic fluid products 5 2.00

PICP Pico Products Pay TV control systsms 1.5 3.00 B

IGEN Immunogenetics Artificial insemination 4.5 2.00

GRTXU Grant Industries Mfg. mechanical slides 21.25 c 1,250.00

BEDF Bedford Computer Computer graphics syst. 4.4 8.00

GREN Great Eastern Energy Oil & gas 15 15.00

BMPI Biosearch Medical Mfg. medical devices 4 8.00

SWFT Swift Energy Oil & gas 3.25 2.50

QUIKU Quickprint of America Franchises printing 7.5 a 5.00

AMPI Amplica Microwave amplifiers 11.5 10.00

CMTX Comtex Scientific Scientific research 4.375 6.25

First

O-T-C aftermarket

Sym. Company Business/product bid Underwriter

ALGH Allegheny & Western Oil & gas 6 3/4 Bateman Eichler

KEJO Kelly-Johnston Restaurants 14 1/2 Stifel, Nicolaus

LIEB Liebert Precision 16 1/2 A. G. Edwards,

control

syst. Ohio Co.

ORYXU Oryx Communications Dist. Video 5 Moore; Robertson

cassettes

Securities

WINE Schagrin's Food stores 1 3/4 Rosenblum, Levin

USDCU U.S. Design Info. storage 3 1/2 Sherwood Securities

systems

ZNIC Zonic Mfg. computer 5 3/4 Laidlaw; Ohio Co.

FSIG Franklin Signal Mfg. security 2 Noble Securities

systems

AQNTU Aquanautics Scuba diving 4 1/2 Sherwood Securities

equip

CDSI Computer Designed Data processing 3 1/2 Craig-Hallum

products

ODEX Odetics Info. processing 17 3/4 Blyth Eastman

syst.

UHSIB Universal Health Manages 20 1/4 Merrill Lynch;

hospitals

Rothschild; F.

Eberstadt

ICNTU Intelligent Comm. Data 3 1/2 Rooney, Pace

communications

KAPLV Globuscope Photography 2 7/8 Rooney, Pace;

equip. Globus

IMCI Integrated Microelectronic 3 1/4 Engler & Budd

circuits

Microcircuits

OMCR Omnicare Health care 21 1/4 Eberstadt;

Rothschild

COMR Comair Transportation 5 1/4 Broadchild

Securities

services

FERO Ferrofluidics Magnetic fluid 1 3/4 John Muir & Co.

products

PICP Pico Products Pay TV control 4 3/4 Rooney, Pace

systems

IGEN Immunogenetics Artificial 2 1/4 Culverwell & Co.

insemination

GRTXU Grant Industries Mfg. mechanical 1.250 Prescott, Ball

slides

BEDF Bedford Computer Computer 8 Prescott, Ball

graphics

syst.

GREN Great Eastern Energy Oil & gas 15 Montgomery; Scott

BMPI Biosearch Medical Mfg. medical 7 3/4 Mosely, Hallgarten

devices

SWFT Swift Energy Oil & gas 2 3/4 Paulson; Orians

QUIKU Quickprint of America Franchises 5 John Muir & Co.

printing

centers

AMPI Amplica Microwave 10 1/4 Alex. Brown;

amplifiers Robertson

CMTX Comtex Scientific Scientific 6 1/4 D.H. Blair & Co.

research

a units of 1 common + 1 warrant

b units of 2 common + 1 warrant

c units of 100 common + 100 warrants.

Initial public offerings sold at $1 or less not included. First aftermarket bid is approximate.

NA not available

B best efforts

Offering data source: Going Public, 1528 Walnut St., Philadelphia, PA 19102.

THE INC. IPO MONITOR

% change

O-T-C Offering Initial public 8/6/81 after initial

symbol Company price trade (bid) bid trade

APRIL

AERO Aero Services Int'l 3.00 3 3/8 3 1/4 -4

FIBR American Fiber Optics 6.50 6 3/4 6 3/4 0

BIWC BIW Cable Systems 14.50 15 3/4 15 -5

CPAK C-Pac 4.50 5 1/2 4 1/2 -18

KIDS Children's Place 12.50 14 1/2 20 1/2 +41

CESC Computer Entry Systems 7.00 6 3/4 6 1/8 -9

CMCX Computer Magnetics 8.00 7 1/2 4 1/2 -40

CREN Crawford Energy 9.00 8 3/4 8 3/8 -4

DWSN Dawson Geophysical 13.00 14 3/4 18 1/4 +24

DGAS Delta Natural Gas 9.25 9 1/4 7 1/2 -19

DORM Dorado Micro Systems 13.00 16 1/2 14 3/4 -11

EILI E.I.L. Instruments 12.00 9 7 3/4 -14

ESPI EnerServ Products 17.00 16 3/4 17 +1

BIOLF ENS Biological 15.00 12 3/4 9 -29

ESI c Exploration Surveys 6.625 6 5/8 8 1/8 +23

FMSIU Fidelity Medical 3.00u 3 1/4 7 +115

GSTI Gerber Systems 12.75 12 3/4 10 -22

GWHI Greatwest Hospitals 19.75 18 1/2 21 1/2 +16

IKEL Ike Lovelady 8.50 8 1/2 7 3/8 -13

INGR Intergraph 18.00 25 1/2 22 3/8 -12

INMA Intermagnetics General 6.00 6 6 1/4 +4

IDSC Intertec Data Systems 22.50 22 3/4 17 5/8 -23

JETIU Jet Industries 1,000u 1,000 430 -57

KCOP Kencope Energy 15.00 14 3/4 11 1/4 -24

MSAI Management Science 16.00 17 18 3/4 +10

America

MIZLU Mizel Petro Resources 2.50u 2 3/4 1 3/8 -50

MSIL Monosil 4.00 4 3 1/4 -19

PHELK Petroleum Helicopters 13.375 13 3/8 14 5/8 +9

CHKY Pizza Time Theatre 15.00 21 24 +14

PPCO Prairie Producing 15.50 11 1/2 10 -13

PDGY Prodigy Systems 4.50 4 4 0

QMEDW Quest Medical 5.00u 5 1/2 1 3/8 -75

RFENU Reef Energy 12.00u 11 3/4 a 14 1/2 +23

SIDY Science Dynamics 2.00 1 7/8 1 1/8 -40

STCI Scott Instruments 2.00 7 5/8 6 1/8 -20

SEPI Silicon Electro 6.00 6 2 7/8 -52

Physics

TSPH Telesphere Int'l 10.00 15 19 1/4 +28

ULTC Ultimate 6.00 8 1/8 11 1/2 +42

VTGO Video-To-Go 3.00 NA 2 7/8 b +5

MAY

ASMIF Advanced Semiconductor 15.00 17 5/8 13 -26

ADGN American Diagnostics 6.25 6 1/4 5 5/8 -10

AMSI American States 2.00u 2 1/8 9 5/8 +353

Leasing

ANDY Andros Analyzers 4.50 5 3 1/4 -35

ASDR Astro Drilling 10.75 10 3/4 9 1/4 -14

BLCO Balco Energy 9.50 9 1/2 7 3/8 -22

BXBX Business Exchange 3.00 3 1/8 2 5/8 -16

CATV Cable TV Industries 10.00 12 16 +33

DAIO Data I/O 22.00 28 27 1/2 -2

DOTX Dotronix 2.00 2 3/4 2 1/2 -9

FLYT Flight Dynamics 2.75 2 7/8 1 7/8 -35

GIBX Gibraltar Exploration 3.00 3 3/8 2.81 -17

HZR c Heizer 17.50 14 5/8 12 -18

HLDRU Heldor Industries 1,535 NA 1570 b +2

IPUT Input Business 5.00 5 5 0

Machines

ISIIA Interaction Systems 4.00 8 1/4 6 -27

IFSC Interferon Sciences 10.00 9 3/8 7 7/8 -16

IPLLF Interharm Labs 6.25 6 3/4 6 1/4 -7

IPLSA IPL Systems 13.00 12 3/4 10 3/4 -16

LNHC L&N Housing 25.00 22 1/4 23 3/8 +5

MTM c Mountain Medical 9.00 9 8 3/8 -7

Equipment

MUSEU Muse Air 17.50u 16 1/2 15 -9

NELR Nelson Research 8.00 8 1/2 9 3/4 +15

NORP Norpac Exploration 23.00 23 21 3/4 -5

NOVR Novar Electronics 12.50 13 19 1/4 +48

OMOPU Oil Mop 2.50u 4 2 3/4 -31

PERS Personal Diagnostics 3.50 3 3/8 7 3/4 +130

PLNS Plains Resources 3.50 3 1/2 2 1/8 -39

RASI Reading Aviation 6.00 6 1/2 5 1/2 -15

REPB Republic Resources 2.00 2 3/8 2 -16

QPON Seven Oaks Int'l 8.50 8 8 5/8 +8

SKIP Skipper's 10.25 11 1/2 10 -13

TTEC Thoratech Laboratories 9.50 10 1/2 9 3/4 -7

ULTR Ultrasystems 12.00 12 3/8 8 1/2 -31

UNVD Unitel Video 8.00 8 8 1/4 +3

USOL U.S. Oil 5.00 4 3/4 2 1/2 -47

VIRA Viratek 7.00 10 8 1/4 -18

WLDR Wilderness Experience 3.00 3 1/8 2 3/4 -12

WCTV Wometco Cable TV 16.00 16 1/4 11 1/4 -31

JUNE

ALMI Alpha Microsystems 15.00 15 1/2 9 1/2 -39

AETNU American Education TV 3.00u 3 1/2 3 -14

AECO American Electromedics 4.75 5 1/4 3 1/2 -33

NA Autotote Systems 800.00u 780.82

BART Barton Valve Co. 20.00 25.00 35 +40

BNRY Bonray Drilling 13.25 13 12 1/4

CBLA Cibola Energy 10.00 9 1/4 7 1/4 -22

CRII Computer Resources 2.25u 2 1/4 2 3/8 +6

CPCC CPU Computer 5.00 6 3 1/2 -42

DETX Detector Electronics 20.00 22.00 16 1/4 -26

DRYR Dreyer's 18.00 18 3/4 21 1/4 +13

ENSI Energy Systems 2.00 2 1/8 1 1/2 -29

NA EpCom 5.00u 3 NA NA

FAFO FAFCO 9.00 9 1/4 7 3/4 -16

FTRNU FiArtron Systems 5.00u 5 1/4 5 -5

FMAT First Matagorda 8.00 8 1/4 8 1/2 +3

GENSU Genetic Systems 6.00u 11 1/2 8 3/4 -24

GSCO Geophysical Systems 20.00 23 1/2 30 +28

HBOC HBO 23.00 25 26 +4

HILXU Helionetics 7.00u 7 6 -14

IMGUF Imaginamics 3.00u 3 1/4 2 -38

JACKU Jackpot Enterprises 6.00u 6 5 3/8 -10

KIMB Kimbark Oil & Gas 13.00 12 1/2 11 1/4 -10

KLOS Kloss Video 12.00 12 3/4 10 1/4 -20

KYLE Kyle Technology 7.00 7 8 3/8 +20

LSRM Lasermetrics 2.00 2 1 1/4 -38

FSTRA L.B. Foster Co. 17.00 17 16 -6

LFAC Littlefield Adams 8.25 7 7/8 7 -11

LIZC Liz Claiborne 19.00 21 26 1/4 +25

MAIN Mainstream Engineering 4.00 4 4 1/2 +13

MGCC Medical Graphics 3.00 5 5 5/8 +13

MISC Micom Systems 30.00 35 1/2 31 3/4 -11

NPETU Newport Petroleums 2.50u 2 1/4 2.69 +19

NEIC North East Insurance 4.50 NA 4 NA

OCIL Ocilla Industries 7.00 7 1/2 7 1/4 -3

NA O'Neal Petroleum 1.50 1 3/4 NA NA

PSCXU Photographic Science 1000.00u 990 930 -6

RIBI Ribi Immunochem 6.00 9 10 +11

ROLF Rolfite 11.50 11 5/8 11 1/4 -3

SALC S.A.L. Cable 10.00 16 12 1/2 -22

SEPX Separex 3.00 3 1/4 4 +23

SAGA Software AG Int'l 18.00 25 19 1/4 -23

SYNE Syntech Int'l 10.00u 11 1/2 6 -48

TMPL Templeton Energy 13.00 13 13 0

TVIEU TVI Energy 6.00 6 1/4 4 -36

UMII United Medical 11.00 11 9 3/4 -11

WHIT Whitman Medical 3.00 3 1/4 5 3/4 +77

a unit price

b initial public trade not available -- % change after 7/8/81 bid

c ASE

Aftermarket footnotes:

NA not available

u units

Prices supplied with the cooperation of Kidder, Peabody & Co.