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http://hdl.handle.net/11718/27865| Title: | Indian IPO performance of specialty chemicals sector |
| Authors: | Jain, Shanttam Mahesh, Soni Karan |
| Keywords: | Going public (Securities) - India;Stock exchanges - India;Initial public offerings;Economic aspects - India |
| Issue Date: | 1-Jan-2023 |
| Publisher: | Indian Institute of Management Ahmedabad |
| Abstract: | Indian markets have been buoyant in a hitherto bearish market sentiment prevalent worldwide (post-2019). In a sense, founders took to the stock market to grab this opportunity and take advantage of the surplus monetary liquid in the market to raise money via the IPO route. In 2022, a whopping 40 IPOs got listed in India and raised a cumulative sum of ₹59,939 Cr, a figure surpassed only in 2021 (₹119,882 Cr) and in 2017 (₹75,279 Cr). Some IPOs had historic first-day returns, while others had a disappointing debut. Such volatility is detrimental to both investors and the founders. It can lead to an incorrect company valuation, affecting investor returns, or the founders might inadvertently list their stock on a premium, leading to under-subscription. It has been generally observed that the P/E multiple of the listing firm and the related industry dynamics impact the stock's performance. |
| Description: | Indian markets have been buoyant in a hitherto bearish market sentiment prevalent worldwide (post-2019). In a sense, founders took to the stock market to grab this opportunity and take advantage of the surplus monetary liquid in the market to raise money via the IPO route. In 2022, a whopping 40 IPOs got listed in India and raised a cumulative sum of ₹59,939 Cr, a figure surpassed only in 2021 (₹119,882 Cr) and in 2017 (₹75,279 Cr). Some IPOs had historic first-day returns, while others had a disappointing debut. Such volatility is detrimental to both investors and the founders. It can lead to an incorrect company valuation, affecting investor returns, or the founders might inadvertently list their stock on a premium, leading to under-subscription. It has been generally observed that the P/E multiple of the listing firm and the related industry dynamics impact the stock's performance. |
| URI: | http://hdl.handle.net/11718/27865 |
| Appears in Collections: | Student Projects |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| SP003626.pdf Restricted Access | 1.2 MB | Adobe PDF | View/Open Request a copy |
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