A Study on Long-run Price Performance of Initial Public Offerings in India from 2012 – 2022
DOI:
https://doi.org/10.64137/31079423/IJEBMR-V2I2P104Keywords:
IPOs, Long Run Performance, Wealth Relative IndexAbstract
This study attempted to analyse the price performance of Initial Public Offerings in India from 2012 to 2022. This study employs data from the NSE website and analysed aftermarket performance of 236 IPOs. Data has been analysed using raw returns on the listing day, one year after the issue, two years after the issue and three years after the issue. The wealth relative index has been used to measure the extent of under-pricing of the issue. Analysis resulted that the issues are under-priced on the listing day and yielding good returns, but after two years and three years, the issues over performed.
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