Academy of Accounting and Financial Studies Journal

1528-2635

Abstrait

An Empirical Analysis of Explaining Pricing Mechanism and Long Term Performance of Ipos: Evidence From National Stock Exchange

Mani Jindal, Anju Bala, Pooja Goel

The initial public offering refers to the shares offered for sale to the general public for the first time through stock exchanges. For pricing the IPOs NSE using two anomalies as fixed price issue and Book building issue. This research paper seeks to analyze these two issues listed under NSE and analyze the IPO pricing performance from issue price to last trading price of the IPOs conducted during 2015 to 2020. The selected sample during this period is of 126 IPOs. This study aims to analyses that the IPOs are underpriced or overpriced. After the return calculations of the 126 IPOs, it has found that the sixty eight IPOs has still performed well after their issue day and remaining IPOs falls in declining side.

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