Sep 5, 2006
Emerging Markets: Economics
Since the development of the Indian capital Market and deregulations of the economy in 1992 it has came a long way with lots of ups and downs. There have been structural changes in both primary and secondary markets since 1992 scandal where the no seduce to the bottom and was bravely survived in ICU. The new price mechanism was introduced as 'Book - Building processes. This paper is a process to analyze the Indian IPO issue and their pricing mechanism with empirical studies on the valuation of IPOs and both theoretical and empirical work on the determinants of short -run under pricing.