Vol. 10, Issue 3, Part C (2024)

Abstract
A well-developed capital marked is the backbone of any economy. Its growth depends on active issuing companies and even the investors. Initial Public Offer (IPO) is one of the most popular techniques of raising capital by companies. The number of IPOs and the amount raised through them is on the rise over the years. Investors consider IPOs as a good option to earn financial gains in quick time. They take advantage of the difference in the issue price fixed during IPO and the price on the listing day. However all IPOs do not fetch higher price on the listing day. In the secondary market also, the issued shares generate fluctuating returns in short term and long term. The research paper studies all mainboard IPOs issued in the year 2021. It also analyses the performance of these IPOs on listing day, and even over two years.