• Dr.Savitha.P

Abstract: Underpricing is a phenomenon which is present worldwide and here the study has made an attempt to analyze the primary market of India, in order to observe the phenomenon of underpricing. The period considered for the study is from 2012 to 2017, which includes the companies that has gone for the public issue and is also which is been listed in the stock markets such as NSE as well as BSE. An observation which is made by the study is that, underpricing is been existed in these years between the year 2012 to 2017 in the Indian primary market. As Ritter have also suggested about the risk which is undertaken by the uninformed investors for making a venture in the public issue which is unknown. For the purpose of analysis in the study the numbers of companies considered are 2012 to 2017, over 185 companies are chosen. So finally study declares the presence of phenomenon of underpricing in the Indian context as it is a known phenomenon worldwide through the various extant literatures.

Key Words: Initial Public Offering, Securities Exchange Commission (SEC), Stock Exchange, Book Building.

"Underpricing of the Public Issue: an Empirical Study of primary Market in Indian Context", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.15-21, April-2019, Available :http://www.jetir.org/papers/JETIR1904503.pdf

"Underpricing of the Public Issue: an Empirical Study of primary Market in Indian Context", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp15-21, April-2019, Available at : http://www.jetir.org/papers/JETIR1904503.pdf