Abstract
Global financial crisis of 2008 is one of the most catastrophic event in the history of financial markets since Great Depression. More than ten years from the global financial upheaval, though the economy has returned to normal, however, the event led to some permanent changes in the global economy, policy framework and financial markets. This paper evaluates one of the important impacts of global financial crisis i.e. on the primary markets. An attempt has been made to assess the effect of the financial crisis on IPO activity and performance in the Indian Markets. The purpose of the research is to study analyse the after effects of global crisis on the level of underpricing, subscription ratio and investor's participation. The research indicates that the there is a huge correction in the level of underpricing and subscription ratio post financial crisis. It can be concluded that, both the lead manager's and investor's community became cautious in evaluating the new issues hitting the financial markets.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.