A Study on Performance Evaluation of Initial Public Offerings (IPOs)

Srinivasa Rao Dokku

ISBN 10: 6138387309 / ISBN 13: 9786138387305

Published by LAP LAMBERT Academic Publishing Jun 2019, 2019

About this Item

This item is printed on demand - it takes 3-4 days longer - Neuware -The study analyzes 146 Indian Initial Public Offerings (IPOs) that were listed in Bombay Stock Exchange (BSE) between January 2007 and December 2009. The units of the sample are selected on the basis of companies available in the Indian stock market for three years for calculating short-term and long-term returns. The evidence suggests that the IPOs are initial day underpriced by 4.25 per cent and underperformed by 29.06 per cent after 36 months of listing. The study also finds that issue variables are highly influencing the IPOs performance in short run and long run but age of the company doesn't have any influence on its performance during the study period. 416 pp. Englisch.

Seller Inventory # 9786138387305

Bibliographic Details

• Title: A Study on Performance Evaluation of Initial Public Offerings (IPOs)
• Publisher: LAP LAMBERT Academic Publishing Jun 2019
• Publication Date: 2019
• Language: English
• ISBN 10: 6138387309
• ISBN 13: 9786138387305
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 220W x 150H x 25D millimeters 220 millimeters width by 150 millimeters height by 25 millimeters depth
• Weight: 637 grams

About this title

Synopsis

The study analyzes 146 Indian Initial Public Offerings (IPOs) that were listed in Bombay Stock Exchange (BSE) between January 2007 and December 2009. The units of the sample are selected on the basis of companies available in the Indian stock market for three years for calculating short-term and long-term returns. The evidence suggests that the IPOs are initial day underpriced by 4.25 per cent and underperformed by 29.06 per cent after 36 months of listing. The study also finds that issue variables are highly influencing the IPOs performance in short run and long run but age of the company doesn’t have any influence on its performance during the study period.