ROLE OF INVESTMENT BANKS IN GRADED IPOS : EVIDENCE FROM THE INDIAN CAPITAL MARKET

Mr. Souvik Banerjee; Prof. K.T. Rangamani

doi:https://doi.org/10.69711/sharda.ijmir.v3i1.1403

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ROLE OF INVESTMENT BANKS IN GRADED IPOS : EVIDENCE FROM THE INDIAN CAPITAL MARKET

Souvik Banerjee, K.T. Rangamani

https://doi.org/10.69711/sharda.ijmir.v3i1.1403

Author Details ( * ) denotes Corresponding author

1. * Souvik Banerjee, VIT University, Chennai Campus, Chennai, India

2. K.T. Rangamani, VIT Business School, VIT University, Chennai, India

In this research paper, it is explored, whether in the post mandatory IPO Grading Period, three factors, i.e. Proportion of Expense in the IPO process with respect to the total proceeds from the IPO, number of lead managers and the lead manager reputation have any significant difference, among companies with different IPO Grades. The analysis shows that, all these three factors, have statistically significant difference among companies with different IPO Grade. This is a significant addition to the existing literature.

Keywords

IPO Grade, Proportion of Expense in the IPO, Lead Manager Reputation, Number of Lead Mangers

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