ETERMINANTS OF INITIAL PUBLIC OFFERING (IPO) UNDERPRICING IN NEPAL
| dc.contributor.advisor | Hiranya Niroula | |
| dc.contributor.author | Rishi Ram Parajuli | |
| dc.date.accessioned | 2025-05-13T08:41:22Z | |
| dc.date.available | 2025-05-13T08:41:22Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | This study investigate the determinants of initial public offering (IPO) underpricing in Nepal. The objectives of this study includes to examine the perception of investors towards IPO in Nepal, to analyze the relationship between different factors on underpricing in IPO and to examine the impact of different factors on underpricing in IPO. In this analysis, goodwill, corporate profile, financial position, lack of other investment and sector performance are the independent variables and underpricing in IPO (UP) is dependent variable. The study employ mean, standard deviation, correlation and multiple regression analysis were used to present data and draw conclusion. The major finding is that the descriptive statistics reveal that factors such as goodwill, corporate profile, financial position, and sector performance all play a critical role in determining the degree of underpricing in IPOs. In comparing the correlations, Corporate Profile (CP) shows the strongest relationship with Underpricing (UP), followed closely by Financial Position (FP) and Goodwill (GW). This suggests that firms with a stronger corporate image and financial health are more likely to engage in IPO underpricing, potentially as a strategic move to attract investors or oversubscribe the IPO. The high correlation between Financial Position (FP) and Sector Performance (SP) reflects the importance of industry conditions in determining a firm’s financial health. In regression analysis, Sector Performance, Lack of Other Investment, Goodwill, Corporate Profile, and Financial Position, collectively have a significant effect on IPO underpricing. The regression model explains about 31.1percent of the variance in underpricing, which is statistically significant as evidenced by the high F-statistic and a p-value of 0.000. However, the relatively large residual sum of squares and mean square indicate that a considerable portion of the variance in IPO underpricing remains unexplained, suggesting the need for further exploration of additional factors or a more nuanced model to capture the complexity of IPO pricing dynamics in Nepal. | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14540/24989 | |
| dc.language.iso | en_US | |
| dc.publisher | Shanker Dev Campus | |
| dc.title | ETERMINANTS OF INITIAL PUBLIC OFFERING (IPO) UNDERPRICING IN NEPAL | |
| dc.type | Thesis | |
| local.academic.level | Masters | |
| local.affiliatedinstitute.title | Shanker Dev Campus | |
| local.institute.title | Faculty of Management |