Abstract
In this article, we have analyzed the listing day performance of 121 IPOs issued in India in the period 2018 to 2021 that are listed in National stock exchange, India. The study focuses on the average market return on listing day and the market adjusted abnormal return of the IPOs. The objectives of this article is to understand the performance on listing day and industry wise analysis of the IPOs. The result of study is that the market adjusted abnormal return for the period 2018-2021 is not zero. Chemicals & petrochemicals and Finance industry has issued maximum number of IPOs during the period 2018-2021. KEY WORDS: Market adjusted abnormal return, Issue price, industry analysis, Initial public offerings, Covid
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