It is believed that IPO provides moderate to handsome return relative to other investment alternatives. Buoyant Indian IPO markets in the last decade were usually propelled by foreign capital inflows, robust corporate profits and a burgeoning stock market. The book has dealt with two aspects exploratory as well as empirical. The former part delves into the evolution of equity market in general and IPO market in particular right from its inception to the present era. The empirical part, on the other, evaluates the performance of the sample IPO companies with the application of relevant statistical models on the collated secondary data and interprets the result thereof. The book and its empirical findings seem to be useful to investors as it provides evidences on the performance of Indian IPOs relative to a benchmark. The book examines the initial, short-run and long-run price performance of IPO companies listed at NSE. Short-run performance under various models demonstrate an overwhelming presence of under-pricing. The long-run performance however, is very sensitive to the choice of methods employed under different models using both daily and monthly return.
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Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.