• Savitha.P

Abstract: The phenomenon of under pricing is present worldwide and not only in the Indian context. Here the study has made an attempt to analyze the primary market of India, in order to observe the under pricing phenomenon. The duration considered for the study is between the years 2014 to 2017, which includes the companies listed in the stock markets such as BSE as well as NSE. As Ritter have also suggested about the risk which is undertaken by the investors who are uninformed for making a venture in the public issue is quite unknown to the investors. For the purpose of analysis in the study the numbers of companies considered is around 141 companies between the duration 2014 to 2017. So finally study declares the presence of under pricing in the Indian context as it is widely documented worldwide through the various extant literatures.

Key Words: Initial Public Offering, Primary Offering, Secondary Offering, Stock Exchange, Book Building.

"Overpricing or under pricing of Public Offering: an Empirical Study of Primary Market of India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.469-474, June 2019, Available :http://www.jetir.org/papers/JETIR1907C29.pdf

"Overpricing or under pricing of Public Offering: an Empirical Study of Primary Market of India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp469-474, June 2019, Available at : http://www.jetir.org/papers/JETIR1907C29.pdf