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...

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...