Predictive Analytics to Evaluate High-Impact IPOs for Sustainable Value Creation
摘要
The Indian IPO market is considered a unique marketplace, as far as other developed countries’ markets are concerned, due to the inherent characteristics of the Indian IPO setup. Retail investors significantly contribute to the effective price discovery of IPOs; yet, not all IPOs yield profits. Literature highlighted the pre-issue uncertainties of IPOs. This study has examined the systemic risk aspect of technology-focused IPOs from 2014 to 2023. Research indicates that IPO performance declines after listing. Indian regulators have prioritised minimising risk in IPOs to guarantee strong participation from regular investors. With the advent of the IT-based asset-light business model in Industry 5.0, their IPO issues are regularly hitting the market, and positive long-run performance depends on the riskiness of these IPOs. This study has very high social relevance as it recommends the optimum timing of IPO investment for retail investors. It also advocates that the Indian capital market regulator take measures to ensure robust post-listing IPO performance.