Vol. 3, Issue 2 (2018)
A study of performance analysis of initial public offers under the financial services sector listed in NSE
Author(s): Priyanka RS, Stella Mary
Abstract: This study aims to analyse the performance of the IPOs under the much booming sector in the recent times i.e., the Financial Services sector for the year 2016-17 in which the investors earned excellent abnormal return. SEBI has termed 2016-17 as the ‘year of IPOs’. Accordingly there are 5 companies which fell under this category, which is considered as the sample for this study. The techniques used for this study are Raw returns, Market Adjusted Excess Returns, Annualised Returns and Wealth Relative Index. The results of the study reveal that there is a significant under pricing of the IPOs in the short-run as well as long-run.