This article investigates the relationship between subscription rate and aftermarket volatility for IPOs issued in India during the period 2002–12. The empirical findings corroborate the evidence that subscription rate is a good indicator of aftermarket volatility for the IPO stocks. This...

This study investigates subscription rates across institutional and non-institutional retail investors for 149 initial public offerings listed in Indian stock market. We document a positive relationship between underpricing and subscription rate of all investor groups. We also find a significant...

This paper attempts to specify the relationship between post-issue promoter groups' retention and Initial Public Offering (IPO) underprice. We also investigate the impact of signalling and financial variables, i.e. offer size, times subscribed, age of the firm, book value, leverage, market...

The study investigates the syndicates for 154 Initial Public Offerings (IPOs) issued during the period 2002-07. The findings indicate that the syndicate size is significantly influenced by the prestige of the investment banks, initial day return, leverage, offer size, and ex ante uncertainty....