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FII Inflows into Indian IPOs and its Impact on the Indian Stock Market

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  • Baishali Agarwal

Abstract

Foreign portfolio investments (FPIs) gained momentum in India, particularly, in the post-liberalization period. On the other hand, the Indian primary market acts as the prime platform for corporate capital formation especially through the initial public offering (IPO). The foreign institutional investments have always been known for their volatile nature and quick reversal. This article is an attempt to identify how the foreign institutional investments in the Indian IPO segment augment financial development, and to what extent such investment can be considered close to real investments by being in the primary market.

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  • Baishali Agarwal, 2016. "FII Inflows into Indian IPOs and its Impact on the Indian Stock Market," Emerging Economy Studies, International Management Institute, vol. 2(1), pages 129-144, May.
    • Handle: RePEc:sae:emecst:v:2:y:2016:i:1:p:129-144
    DOI: 10.1177/2394901515627739
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    Cited by:

    1. Narayan Parab & Y. V. Reddy, 2020. "A cause and effect relationship between FIIs, DIIs and stock market returns in India: pre- and post-demonetization analysis," Future Business Journal, Springer, vol. 6(1), pages 1-10, December.

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