Table of Contents
Table of Contents
Page No.
DECLARATION
CERTIFICATE
ACKNOWLEDGEMENT
ABSTRACT
CONTENTS
LIST OF FIGURES
LIST OF TABLES
NOMENOCLATURE
CHAPTER 1: INTRODUCTION
1.1 IPO’s in India 01
1.2 IPO Process 03
1.2.1 Fixed Price Method 03
1.2.2 Book Building Method 04
1.3 Phenomenon of Underpricing 05
1.4 Concept of Underpricing 06
1.5 Extent of Underpricing 07
1.6 Company Profile 08
1.7 Significance of the Study 12
1.8 Purpose of the Study 14
1.9 Objectives of the Study 15
1.10 Limitations 15
LIST OF FIGURES
Fig 4.1 The percentage of companies which under/ overpriced their IPO’s 34
Fig 4.1.2 The Average Underpricing (%) of the IPO’s during the period 35
38
Fig 4.2.1 short run analysis of Underpriced IPO’s (one week to one month)
39
Fig 4.2.2 short run analysis of Underpriced IPO’s (two month to six month)
41
Fig 4.3.1 short run analysis of other IPO’s (one , two week, one month)
42
Fig 4.3.2 Short run analysis of other IPO’s (two , three and six month)
44
Fig 4.4.1a Price performances of Underpriced IPO’s in long-run 45
Fig 4.4.1b Price performances of other IPO’s in long-run 46
Fig 4.4.1b Price performances of other IPO’s in long-run 47
Fig 4.4.3 Returns from the other IPO’s in long run
LIST OF TABLES
35
Table 4.1.2 Av. Underpricing based on listing day closing price
37
Table 4.2 Price performances of Underpriced IPO’s in short-run
40
Table 4.3 Price performances of other shares in short-run
47
Table 4.4.3 Returns from the other IPO’s in long run