• Kamesh Tiwari
• Dr. L. K. Singh

IPO underpricing has always been an exciting albeit intriguing concept for Investors and researchers alike. The paper titled” Post Listing IPO Performance, In Indian Stock market: An Empirical analysis of underpricing“, is an attempt to analyse the listing day performance of the Indian IPOs, in terms of the extent of underpricing. In the research paper, all 79 mainboard IPOs successfully floated during (2017-2019), and listed post issuance, on the NSE(National Stock Exchange), have been considered. The study is completely based on secondary data. The statistical tools used were the ‘t’ test and the Market Adjusted Abnormal Return model. The findings suggest that the IPOs show a significant positive return on the listing day. Out of the 79 IPOs that went public, 52 IPOs showed a positive listing day gain, and the average listing gain of all IPOs in the 3 year duration was 17.01 %. Also the MAAR of 16.74 % strengthened the proposition regarding underpricing, which was further substantiated by the significant findings, pertaining to the ‘t test’.

IPO, Underpricing, NSE, Market Adjusted Abnormal Return,

"Post Listing IPO Performance, in the Indian Stock Market: An Empirical Analysis of Underpricing", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 3, page no.a542-a547, March-2023, Available :http://www.jetir.org/papers/JETIR2303067.pdf

"Post Listing IPO Performance, in the Indian Stock Market: An Empirical Analysis of Underpricing", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 3, page no. ppa542-a547, March-2023, Available at : http://www.jetir.org/papers/JETIR2303067.pdf