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...

Underpricing of IPOs has been contemplated as a prevalent phenomenon across the world. The principal objective of the article is to investigate the difference in the firm and market specific factors that significantly affect the level of underpricing of IPOs. The sample for the study consists of...