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Asian Journal of Management
Year : 2018, Volume : 9, Issue : 1
First page : ( 127) Last page : ( 132)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2018.00019.7

Pre IPO and Post Ipo Operating Performance Evaluation on Indian Select Companies

Dr. Valarmathi Sharon1,*, Jossy Christo2, Babu Ashwin3

1Associate Professor, Christ University, Bangalore, 560029

2Research Students (M. Com), Christ University, Bangalore, 560029

3Research Students (M. Com), Christ University, Bangalore, 560029

*Corresponding Author E-mail: valarmathi.b@christuniversity.in

Online published on 2 June, 2018.

Abstract

This paper investigates the relationship between pre IPO factors over post IPO operating performance and whether there is a change in operating performance of companies after IPO. The study involves 25 companies listed on Indian stock exchanges (BSE and NSE) listed during 2013–2015. Pre IPO factors involve dilution of ownership and pre IPO profitability and operating performance indicators are Return on Assets, Return on Equity/Net worth. Findings confirmed that there is no significant change in return on assets, return on net worth/equity and asset turnover ratio of the companies after IPO. Pre IPO profitability had an impact on return on assets and return on equity while pre IPO profitability and dilution of ownership does not have any impact on asset turnover ratio.

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Keywords

Post IPO operating performance, pre IPO factors, pre IPO profitability.

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