POST-LISTING PRICING PERFORMANCE OF INITIAL PUBLIC OFFERS: INSIGHTS FROM INDIA
- Title
- POST-LISTING PRICING PERFORMANCE OF INITIAL PUBLIC OFFERS: INSIGHTS FROM INDIA
- Creator
- Jindal M.; Nagariy R.; Rajendran V.; Tiwari A.; Sharma D.
- Description
- The objective of this study is to investigate short-run performance and whether the IPOs are over-priced or under-priced in various window periods. This study applies one-sample t-tests, capital asset pricing models, and market-adjusted excess return to quantify the short-term pricing performance as well as the risk and return of initial public offerings and market indices. The study investigates the claim that post-listing initial public offerings (IPOs) guarantee short-term gains. The twelve months following the listing, in particular, have seen the biggest gains. According to reports, investors who buy shares in IPOs get strong returns in this period. The market-adjusted initial returns for the IPOs registered on the National Stock Exchange between January 2019 and December 2020 have been found to be roughly 44%, per this analysis. 2024 Published by Faculty of Engineering.
- Source
- Proceedings on Engineering Sciences, Vol-6, No. 2, pp. 827-836.
- Date
- 2024-01-01
- Publisher
- Faculty of Engineering, University of Kragujevac
- Subject
- Capital Asset Pricing Models; Initial Public Offerings; Investment And Pricing Performance; National Stock Exchange; Stock Prices; Stock Returns
- Coverage
- Jindal M., School of Business and Management, CHRIST (Deemed to be University), Bengaluru, India; Nagariy R., School of Business and Management, CHRIST (Deemed to be University), Bengaluru, India; Rajendran V., School of Business and Management, CHRIST (Deemed to be University), Bengaluru, India; Tiwari A., School of Business and Management, CHRIST (Deemed to be University), Bengaluru, India; Sharma D., School of Business and Management, CHRIST (Deemed to be University), Bengaluru, India
- Rights
- Restricted Access
- Relation
- ISSN: 26202832
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Jindal M.; Nagariy R.; Rajendran V.; Tiwari A.; Sharma D., “POST-LISTING PRICING PERFORMANCE OF INITIAL PUBLIC OFFERS: INSIGHTS FROM INDIA,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 25, 2025, https://archives.christuniversity.in/items/show/13597.