The Indian capital market regulator, Securities and Exchange Board of India (SEBI) introduced a unique accreditation mechanism for Initial Public Offerings (IPOs) in 2007, whereby all IPOs have to undergo mandatory quality grading by independent rating agencies. In this paper, we claim that such...

INTRODUCTION: The initial public offering (IPO) is an important life cycle of a firm and has significant effects on the firm’s ownership structure. Ownership structure plays a dominant role in shareholding pattern in initial public offerings. PURPOSE OF THE STUDY: This paper investigates the...