Please use this identifier to cite or link to this item: http://hdl.handle.net/10603/249167
Title: PERFORMANCE OF INITIAL PUBLIC OFFERING IPO INVESTING IN INDIAN CAPITAL MARKET A STUDY OF BANKING AND NONBANKING FINANCE COMPANIES NBFCs IPOs IN NEW MILLENNIUM
Researcher: Sinha V Buddhode Akinchan
Guide(s): Bal mukund Singh
Keywords: Social Sciences,Economics and Business,Management
University: ICFAI University, Jharkhand
Completed Date: 2019
Abstract: For any economy, capital market acts as a fulcrum as they assist in transferring of funds from newlinethe savers to investors, thereby fostering economic growth. In this regard, capital market newlineplays acts as a channel for providing long-term source of finance to corporate houses by newlinebridging the gulf between savers and investors. Like the case of any other country in India newlinetoo, corporate houses heavily bank upon capital markets for meeting their long-term financial newlinerequirements. Among two forms of long-term sources of finance, i.e. equity and debt, it is newlineobserved that majority of companies have proclivity towards equity share capital, i.e. both at newlinethe time of setting up of business entity as well as while going for either organic and newlineinorganic growth. Equity share capital may be issued in the forms of Initial Public Offer newline(IPO) / Follow-on-Public Offer (FPO) / Offer for Sale (OFS). newlineWith the passage of time and onset of LPG (Liberalization, Privatization and Globalization) newlineera, Banking and Non-Banking Finance companies (NBFCs) have also followed the footsteps newlineof other companies that are covered under various sectors of the Indian economy. newlineWith reference to embracing of IPO (initial public offering) route by banking companies the newlinerecommendations of Narsimham Committee are noteworthy, as it ushered in a radical change newlinein the capital raising avenues of public sector banks.Further, the New Economic Policy newlineadopted in 1991 triggered drastic changes in the regulatory ecosystem governing Indian newlinecapital market. newlineThe significant developments were annulment of the Capital Issues (Control) Act, 1947, newlineannihilation of the Controller of Capital Issues and inception of capital market regulator, newlineSecurities and Exchange Board of India (SEBI). SEBI was created to meet the following newlineobjectives: newlinea) To uphold the interest of investors. newlineb) To accelerate the pace of capital market growth. newlinec) To regulate the securities market. newlineAlong with the banks, another form of financial institutions that gained steam
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URI: http://hdl.handle.net/10603/249167
Appears in Departments:Faculty of Management Studies



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