A Study on Performance of Indian IPOs During 2012–2022

The capital market investments are a great opportunity for the retail investors. Literature review reveals that the performance of IPO has been studied in depth across different markets and over a wider time period. The studies with respect to India on the IPO performance is have been done at various time period. The recent growing trend in IPO has necessitated an in-depth analysis of the IPO returns over a longer period of time. This study analyses the performance of IPOs listing gains and long-term gains across sectors and based on different IPO sizes. This study takes into consideration IPOs from 1st January 2012 to 31st October 2022. The study found that there is a signification relationship between short term gain and long-term gain and it is also found that the under/over pricing have significant association with the current gain/loss. The study suggests that investing in underpriced IPOs would result in long-term gains.