UNDER-PRICING OF INITIAL PUBLIC OFFERINGS IN INDIAN CAPITAL MARKETS

This study looks at the underpricing of IPO in the Indian stock exchanges. We look at a sample of 186 stocks listed in the National stock exchange between the year 2010 to 2020 for evidence of Underpricing in the Indian capital markets. Our Findings provide evidence that underpricing continues in the Indian stock market. On an average the underpricing in the IPO's is 19.7% on the listing day and the underpricing persists for the next 30 days and even after 30 days the underpricing is 17%.