01
Original Article
Open Access
Analysis of Liquidity, Profitability, Risk and Financial Distress: A Case Study of Dr. Reddy’s Laboratories Ltd.
C. Viswanatha Reddy
· pp. 5–17
Liquidity is the ability of an organization to meet its financial obligations during the short-term and to maintain long-term debt-paying ability. The long-term survival depends on the satisfactory income earned by it. A sound liquidity leads to better profitability, and …
Keywords:
Liquidity, Profitability, Risk Factor, Bankruptcy, Financial Distress, Z-Score, Trade-Off, Fiscal Fitness
02
Original Article
Open Access
Investor Preference and Promoter's Ownership Pattern in Graded IPOs of India
Sanjiv Mittal, Naresh K. Gupta, Sudesh Kumar Sharma
· pp. 18–25
SEBI, the Indian securities market regulator, has set a unique example for the entire world by introducing IPO grading in India in 2006 on an optional basis, and further mandating it from May 2007. The purpose of this grading was …
Keywords:
IPOs, IPO Grading, Investor's Preference, Oversubscription, Promoters' Holding
03
Original Article
Open Access
Initial Public Offerings (IPOs): A Boon or a Bane?
Jigna Trivedi, Bindiya Soni
· pp. 26–36
IPOs are the most favoured tool adopted by corporates to raise money from the general public. An IPO is the first sale of stock by formerly a private company. The revolutionary reform which took place in the Indian stock market …
Keywords:
Initial Public Offerings (IPOs), Book Building Mechanism, Fixed Price Regime, IPO Grading, Retail Investors
04
Original Article
Open Access
Anchor Investors: Igniting or Extinguishing the Fire?
Akanksha Sharma, Santosh Kumar
· pp. 37–42
SEBI brought a significant amendment in 2009 by introducing the concept of Anchor Investors in its Disclosure and Investor Protection (DIP) Guidelines 2000 to ensure higher efficiency in the Indian stock market. An Anchor Investor is a Qualified Institutional Buyer …
Keywords:
Anchor Investors, IPO, SEBI, QIBs, Lock-In period, Cornerstone Investors, Retail Investors G141
05
Original Article
Open Access
Stock Market Behaviour Around Buyback Announcements in India: An Empirical Justification for Preferring the Open Market Repurchase Mode
N. V. R. Rajagopalan, H. Shankar
· pp. 43–52
DOI: 10.17010/ijf/2012/v6i12/72364
In order to rationalize the capital structure, a landmark legislative adjustment was made in 1998 by making amendments in the Companies Act, 1956 for allowing buyback of shares already issued to the public. Thus, from the year 1999, the new …
Keywords:
Share Buyback, Open Market Repurchases, Fixed Price Tenders, Event Study, Abnormal Return and Cumulative Abnormal Return
