Multi-Horizon IPO Aftermarket Performance: Evidence from India
Average IPO returns hide what most investors earn. This study examines 197 Indian main-board IPOs listed between 2016 and 2022, with daily prices to 2026, giving every issue a complete 780-trading-day record. Buy-and-hold abnormal returns are measured against the NIFTY 50 and the NIFTY 500 over seven horizons from 20 t...