Sahoo, Seshadev - In: Journal of Emerging Market Finance 14 (2015) 1, pp. 20-58
This article investigates the relationship between subscription rate and aftermarket volatility for IPOs issued in … India during the period 2002–12. The empirical findings corroborate the evidence that subscription rate is a good … indicator of aftermarket volatility for the IPO stocks. This study also finds that retail subscription rate is relatively more …