THE ROLE OF INITIAL PUBLIC OFFERINGS (IPOS) IN THE GROWTH OF THE INDIAN CAPITAL MARKET
Keywords:
Capital market, Initial Public Offer, Over pricing Under-pricingAbstract
An initial public offering (IPO) enables companies that have not previously been listed on the stock market to enter the market. The objective of this paper is to determine whether initial public offerings (IPOs) in India were undervalued and to what extent. G R Infra projects exhibited the lowest risk (1.43869), whereas Zomato Ltd demonstrated the highest risk (4.53592). The findings indicated that the IRCTC yielded the highest return (127.422), while the Suryoday Minor Finance Bank recorded the lowest return (-8.91803). Seventeen of the thirty initial public offerings (IPOs) outperformed the average on their first day. Individuals interested in the stock market may discover that attending an IPO is one of the most effective methods to gain knowledge about it. Risk-free investment is achievable through market analysis and the historical performance of companies.
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