Published Paper Details:

The Indian stock market plays a crucial role in capital formation, with Initial Public Offerings (IPOs) serving as a key mechanism for companies to raise funds and investors to access new opportunities. This study examines the performance of IPOs listed on the National Stock Exchange (NSE) from 2021 to 2024, focusing on short-term and long-term returns, pricing strategies, and market conditions. By analyzing ten of the largest IPOs based on issue size, this research identifies trends in underpricing and overpricing, evaluates post-listing performance, and assesses the impact of company age, issue size, and pricing on investor returns. The findings reveal that while underpriced IPOs tend to generate positive initial returns, sustaining long-term growth remains a challenge. The study provides valuable insights for investors, companies, and policymakers, emphasizing the importance of strategic pricing, market sentiment, and regulatory oversight in enhancing IPO success in the Indian financial market.