Post-Listing Performance of IPOs in Indias Financial Services Sector (20212024): An Industry-Specific Empirical Study

Title

Post-Listing Performance of IPOs in Indias Financial Services Sector (20212024): An Industry-Specific Empirical Study

Creator

Harikumar, Hiren

Description

The number of initial public offerings (IPOs) made in the Indian financial services sector between 2021-2024 has increased, due to heightened investor activity. Although the volume of IPO issues has increased, there is limited research on their short-term performance, particularly in the context of industry-specific analysis. This paper will evaluate the performance of IPOs that issue financial services companies in India during the listing period of 20 days using the event study methodology. The daily returns of IPOs and the index (NIFTY 50) are taken to compute market-adjusted short-run performance (MASRP), wealth relative (WR), abnormal returns (AR), and cumulative abnormal returns (CAR). The regression analysis shows that only oversubscription can have a significant effect on the revenue of an IPO in terms of returns. This research has added value by using sector-specific evidence, which may be useful to investors, issuers, and regulators when evaluating short-run IPO efficiencies. 2026 by IGI Global Scientific Publishing. All rights reserved.

Source

Risks, Innovations, and Corporate Social Responsibility in Finance and Accounting;pp.119-158

Date

01-01-2026

Publisher

IGI Global

Coverage

Harikumar H., Christ University, India

Rights

Restricted Access; Hardcopy may be available in the library

Relation

ISBN: 979-833735049-3; 979-833735047-9;

Format

online

Language

English

Type

Book chapter

Identifier

https://doi.org/10.4018/979-8-3373-5047-9.ch005

https://www.scopus.com/pages/publications/105035940767?origin=resultslist