Nitin Shanker and Arul Francis S
Trends in the top Initial Public Offers (IPOs) of several popular private companies in India has shown to great effect that the market quotes a higher than usual value for the these private companies due to a frenzy among the public. This phenomenon is hypothesised by tracking various top IPOs which have taken place over the years with respect to popularity and the number of shares that have been issued in the market. Different other theories are also accounted for and have been encompassed along, the reasons for this frenzy widely differs from price offered during the opening bell to media releases.
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