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Publication: IIP Proceedings Year: 2022, Month: November Page No: 12-25, ISSN/ISBN: 978-93-95632-62-1, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl202365A5B1AFB09681A.pdf
A STUDY OF STOCK PERFORMANCE OF IPO’s IN INDIA
Area/Stream: Management, Authors: Krupa M, Dr. D Jogish Keywords: Issue Price, Initial public offering Wilcoxon Signed Rank Test, Last trading price, National Stock Exchange. Book Name /series: Futuristic Trends in Management, Volume 2, Book 8, Part 1, Chapter 2Publication: IIP Proceedings Year: 2022, Month: November Page No: 12-25, ISSN/ISBN: 978-93-95632-62-1, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl202365A5B1AFB09681A.pdf
Abstract:
It is an organization which is thinking to grow the business, expand and diversify and for the investor who is invested on the IPO it can be considered as highly speculative opportunity in short term and can earn the dividends in long term on capital appreciation. In this researcher, studied the performance of IPO’s from issue price to last trade price in India during 2018 to 2021 listed in National Stock Exchange (NSE), here the investor prefers to purchase the share at a lower price compared to the issue price & last trade price. Percentage return calculation displays the particular year returns. Investor done the investment only on the image of the company not on the fundamental analysis of the company. Next researcher evaluated the pricing on listing day and progressive growth of IPO return with the help of Wilcoxon Signed Rank Test, researcher compared the short-term performance with the long-term performance. The study considers the sample of 23 companies that are listed in the year 2018 and it consider the 3 years data from the date of issue for analysis i.e., 2018 to 2021.The study analyzed the return on listing day are more fluctuating. Eleven companies are given good return on the listing day. Study evaluated 23 IPOs for long term period and short-term period returns, in both the period some companies are given promising return, and some are not. The study acknowledges to hold the investment for the longer period that is more than one year to earn the higher return. At last, to minimize the loses investor can sell the overpriced share.
Cite this: Krupa M, Dr. D Jogish,"A STUDY OF STOCK PERFORMANCE OF IPO’s IN INDIA", Futuristic Trends in Management, Volume 2, Book 8, Part 1, Chapter 2, November, 2022, 12-25, 978-93-95632-62-1, https://www.rsquarel.org/assets/docupload/rsl202365A5B1AFB09681A.pdf
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