Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Faculty Publications Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Creator An entity primarily responsible for making the resource Suresha, B.; Krishna, T.A.; Koshy, Elizabeth Renju; Thomas, Rejoice; Karthick, C. Title A name given to the resource Digital Adoption and Price Discovery in Shadows: Evidence from Indian IPO Grey Markets between 2016-2025 Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2025 Source A related resource from which the described resource is derived Theoretical and Practical Research in the Economic Fields;Volume;16;Issue;3;pp.771-782 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.14505/tpref.v16.3(35).17" target="_blank" rel="noreferrer noopener">https://doi.org/10.14505/tpref.v16.3(35).17</a> <br /><br /><a href="https://www.scopus.com/pages/publications/105018216246?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/105018216246?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Suresha B., School of Business and Management, Christ University, India; Krishna T.A., School of Commerce, Finance and Accountancy, Christ University, India; Koshy E.R., School of Commerce, Finance and Accountancy, Christ University, India; Thomas R., School of Commerce, Finance and Accountancy, Christ University, India; Karthick C., School of Commerce, Finance and Accountancy, Christ University, India Description An account of the resource This study examines the role of digital adoption and price discovery through informal IPO markets in India. Due to price anomalies, sentiments around the IPO listing day are channelised through Informal markets known as grey markets. This study verifies the determinants of grey market IPO prices and their linkages with the formal market IPO under-pricing. Apart from dominant market and firm-specific factors, it examines how digital adoption variables such as digital payment usage and new demat accounts affect the IPO prices in both channels. In the post-pandemic period, there is a surge in the number of IPOs offered and participation of institutions and individuals in IPOs. Grey market allows traders to bid on IPO applications before they are officially listed, helping to assess under-pricing in issue prices, if any. This study uses data of 1,155 IPOs that went public in India between 2016 and 2025. Using OLS models, the study examines the relationships among variables, and findings indicate that both grey market activity and digital adoption directly influence listing day pri ces, confirming that under-pricing is predictable through informal channels. Investors should consider these factors, in addition to fundamental aspects, when making IPO investment decisions. 2025, ASERS Publishing House. All rights reserved. Subject The topic of the resource firm-specific factors; grey market premium; IPO market; listing day premium; under-pricing Publisher An entity responsible for making the resource available ASERS Publishing House Relation A related resource ISSN: 20687710; Language A language of the resource English Type The nature or genre of the resource Article Rights Information about rights held in and over the resource All Open Access; Hybrid Gold Open Access Format The file format, physical medium, or dimensions of the resource online