“Post-issue market performance of initial public offerings in the Indian capital market”

The paper aims to present answers to the strategic question relating to the contribution of Initial Public Offerings (IPOs) to the economy and its performance; its effect on the retail as well as institutional investors. It attempts to integrate the conclusions of around five articles contributed by industry experts and from various websites on the issue related to the IPOs.

The paper attempts to discover new dimensions and the impact of IPOs on the economy and investors, the pricing and performance of IPOs is one of those issues that never are laid to rest in finance literature. The premarket pricing and aftermarket performance of the IPOs is empirically assessed based on their market prices and also taking into consideration the other factors associated with the aftermarket performance, which includes the period of issue (boom/slump), sector in which the industry is operating, etc.

The paper discusses the potential that IPO holds for the investors and innovations which may lead to the economic growth. It also captures the significant factors contributing for the company's desire to go public and the benefits attached with it.

This paper relates to the innovations in management practices regarding IPOs which may provide new insights to the working of IPOs. The paper provides academicians and researchers perspectives on some key issues.