IMPACT OF COVID-19 PANDEMIC ON PERFORMANCE OF IPO’S IN INDIA

The Novel coronavirus has become the world's most economically costly pandemics recently. To provide an understanding of the effects of COVID-19 on the IPO market, this paper investigates the impact of the COVID-19 pandemic on daily market returns of newly listed companies over the period from 1st January 2020 to 31st October 2020. Through this study, we found that IPO performance continued to thrive despite the pandemic. Using panel data regression, we found IPO's response to daily new confirmed cases and deaths is not significant. The performance of newly listed companies responded negative to total deaths but not to a very great extent.