文章基本信息

标题：An Empirical Analysis of Explaining Pricing Mechanism and Long Term Performance of Ipos: Evidence From National Stock Exchange
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作者：Mani Jindal ; Anju Bala ; Pooja Goel 等
期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2021
卷号：25
期号：3
页码：1-10
语种：English
出版社：The DreamCatchers Group, LLC
摘要：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.
关键词：National Stock Exchange;Initial Public Offering;Fixed price issue;Book building issue;Issue Price;Last Trading Price;Underpricing;Overpricing and Investors Behavior