Journal Press India^®

Author Details ( * ) denotes Corresponding author

The recent development in the stock market and the economic growth of the nation attracted many new investors across the world. This has further encouraged the capital market to get wonderful performance, especially in Primary Market through IPO. The corporate companies and the government institution raise finance through equity and/or debt. And the unlisted companies acquire the capital by issuing the shares through Initial Public Offering (IPO) in the primary market. In the recent past, in spite of having uncertainty in the various investment avenues, IPO and its post-performance have yielded a competent return. The paper focuses on analysing the performance of post-listing of IPOs in the national exchange which were listed in the calendar years 2021 and 2022. The data assembled for the research is based on secondary sources. Various statistical tools are used for conducting the research. Further, it intends to measure the value of share premiums and share pricing on listing day, as well as the IPO return's progressive increase. The study also attempts to assess if these IPOs were under-priced in the short run, as well as identify key factors that influence the short-term movement of such IPOs. The study may also bring some inputs to possible investors to decide to invest in IPOs. 

Keywords

IPO; Under-priced; Oversubscription; Primary Market; Investment Avenues

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