• Neel Shailesh Moradiya
• Mr. Nisarg Shah

IPO is issuing new securities on an exchange companies use these strategies to refinance the firm and finance new investment, also going public adds value to a firm due to increased liquidity and it is considered to be a better way to raise capital The study examines the listing day, 30th and 90th-day returns of IPOs in the Indian stock market over Banking and Finance, Manufacturing, Construction, Pharma. Underpricing in IPOs is a persistent worldwide phenomenon. The study attempts to measure the Underpricing/overpricing in Indian IPOs. The sample size is 52 IPOs from 2015-2018 spread across the above-mentioned sectors. Finding from the research included that the majority of issues were mega issues and manufacturing provided the highest return meanwhile construction sector performed worst of the selected sectors, the further study concluded that Underpricing issues is present largely in Indian market which it is able to sustain that price level for a long run

Underpricing, Overpricing, Returns, Stock Market

"Study on Issue Price Performance of IPO’s (Initial Public Offering) In India ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 4, page no.25-33, April-2020, Available :http://www.jetir.org/papers/JETIR2004006.pdf

"Study on Issue Price Performance of IPO’s (Initial Public Offering) In India ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 4, page no. pp25-33, April-2020, Available at : http://www.jetir.org/papers/JETIR2004006.pdf