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Sharma, Sudesh Kumar - 2014

in India. The purpose of this grading was to provide retail investors with a ready-made assessment of the fundamental … negative effect on underpricing …

Persistent link: https://www.econbiz.de/10013057757

Do Grade of an IPO Improve Demand and Underpricing?

Sharma, Sudesh Kumar - 2014

mandatory IPO grading in India with effect from May 2007. Though the purpose of this grading was to provide retail investors … effect on demand (oversubscription) and fairly strong negative effect on underpricing. This paper infers that NII and QIB are …

Persistent link: https://www.econbiz.de/10013057805

Does Grading of IPOs Improve Demand and Underpricing?

Sharma, Sudesh Kumar - 2013

in India. The purpose of this grading was to provide retail investors with a ready-made assessment of the fundamental … effect on demand (over-subscription) and fairly strong negative effect on underpricing. This paper infers that NII and QIB …

Persistent link: https://www.econbiz.de/10013078797

Pricing and performance of IPOs : evidence from Indian stock market

Hawaldar, Iqbal Thonse; Kumar, K.R. Naveen; … - In: Cogent economics & finance 6 (2018) 1, pp. 1-20

This study examines listing day performance of IPOs, book-built and fixed-price IPOs, post-listing aftermarket performance of IPOs, book-built and fixed-price IPOs in the Indian stock market. We examine pricing as well as long run performance of 464 (365 book-built IPOs and 99 fixed-price IPOs)...

Persistent link: https://www.econbiz.de/10011891262

Initial Public Offerings' Underpricing : A Study on the Short Run Price Performance of Book-Built IPOs in India

Malhotra, Madhuri - 2016

India. Over-subscription and market volatility was found to be the major factors influencing underpricing. The results imply … returns of 288 book-built IPOs in India for a 7 year period (2004-2010). Based on this set of observations this study builds a … that the investors over react to the market. The presence of deliberate underpricing by the underwriters or the issuing …

Persistent link: https://www.econbiz.de/10013005169

Post Issue Performance of Graded IPOs in India

Mittal, Sanjiv - 2013

in India 2006 on optional basis and further mandating it from May, 2007. The purpose of this grading was to provide … positive effect on demand (oversubscription). Further, weak impact on returns, little or nil impact on underpricing and strong …

Persistent link: https://www.econbiz.de/10013083608

Investor Preference and Promoter's Ownership Pattern in Graded IPOs of India

Mittal, Sanjiv - 2013

in India 2006 on optional basis and further mandating it from May, 2007. The purpose of this grading was to provide …

Persistent link: https://www.econbiz.de/10013090824

A Dissection of Bookbuilt IPOs : Subscriptions, Underpricing and Initial Returns

Khurshed, Arif - 2010

The distinct regulatory design of Indian IPOs permits an empirical evaluation of IPO underpricing models against those … components: one relating to pre-listing underpricing set by the underwriter and the other to the initial return from first day … the Rock (1986) and Benevineste and Spindt (1989) voluntary underpricing models. We find that the unmet demand of non …

Persistent link: https://www.econbiz.de/10013147444

Underpricing and aftermarket performance of IPOs during the Covid-19 period : evidence from Istanbul stock exchange

İlbasmış, Metin - In: Borsa Istanbul Review 23 (2023) 3, pp. 662-673

The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles … Covid-19 pandemic with a focus on the Turkish IPO market. Measuring the underpricing and aftermarket performance of IPOs … examine how underpricing and aftermarket performances are influenced by Covid-19 and some uncertainty proxies, such as some …

Persistent link: https://www.econbiz.de/10014308820

Signaling by underpricing the initial public offerings of primary listings in an emerging market

Čornanič, Aleš; Novák, Jiri - 2013

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to signal their quality to the outside investors and to issue seasoned equity (SEO) at more favorable terms. While the initial empirical evidence on the signaling hypothesis was weak,...

Persistent link: https://www.econbiz.de/10009775653