Investors Sentiments Towards Initial Public Offer In The Pandemic Environment
Keywords:investors sentiments, public moods, equity market, listing premium
Equity markets generally tend to react more adversely to negative news whereas there is a cautious optimism to positive news. The outbreak of covid-19 and the consequence market meltdown was witnessed across the world and Indian markets where no expectation. However, a slew of initial public offer(IPO)hit the market from 1st June 2020 till 23rd July 2020 and most of these issues where not only over subscribed but also managed to lift at a healthy premium to reissue price the fierce about the price and the sinking economy were set aside and the markets continue to hale a new high after recovering from the early setbacks in April and May.
This descriptive study examines the factors that influenced the initial public offer(IPO) or buy them in the secondary market after listing. The study uses the questionnaire for the study purpose and appropriate statistical tools for the purposes of analysis and interpretation of data. The study is expected to reveal that millennial investorin the age group of 20-30 are largely responsible for the people in the market triggered by new issues and attractive premium on offers.