...Sravani Bharandev; Aparna Purpose The Initial Public offerings (IPOs) of Small and Medium Enterprises (SMEs) often draw high investor speculation due to their perceived growth potential. They exhibit high gains on the listing day, but on subsequent days, their prices tend to be volatile leading...

...Sheela Sundarasen; Sanjay Goel; Fairuz Ahmad Zulaini Purpose Managers may underprice initial public offerings (IPOs), leading to higher initial returns (IRs). The purpose of this paper is multi-fold: to compensate investors for risk, to reduce litigation risk, as well as to maintain control over...