Performance on new equity issues by G. Sambasivan and Sudhir Dole (Student Project)

By: Contributor(s): Material type: TextTextPublication details: Ahmedabad 1991 Indian Institute of ManagementDescription: 21 pSubject(s): DDC classification:
  • SP 1991/276
Summary: This study examined whether investments in the primary market yield better returns than that from the secondary market in: the short run-from the date of opening of subscription to the date of the first quotation and the long run-for a period of 6 months from the date of the first quotation. The issue tried to review whether the investor has more than an even chance of earning extra-normal returns, performance of the new issues dividing the same into two different categories viz. new issue of existing companies and issues of new companies. The conditions under section 88A were considered while evaluating returns. The report examined all new equity issues which are quoted in the Bombay Stock Exchange during the period from 1/1/88 to 31/12/89.
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Item type Current library Collection Shelving location Call number Status Date due Barcode
Student Project Vikram Sarabhai Library Reference Students Project SP 1991/276 (Browse shelf(Opens below)) Not for loan SP000276

Submitted to Prof. J.R. Verma

This study examined whether investments in the primary market yield better returns than that from the secondary market in: the short run-from the date of opening of subscription to the date of the first quotation and the long run-for a period of 6 months from the date of the first quotation. The issue tried to review whether the investor has more than an even chance of earning extra-normal returns, performance of the new issues dividing the same into two different categories viz. new issue of existing companies and issues of new companies. The conditions under section 88A were considered while evaluating returns. The report examined all new equity issues which are quoted in the Bombay Stock Exchange during the period from 1/1/88 to 31/12/89.

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