Thriving the Transformation Process of MFI through IPOs - Case Study of Indian MFIs

P. Baba Gnanakumar
2020 SDMIMD Journal of Management  
The Indian microfinance firms are stabilizing from the microfinance crisis of 2010. The firms are oscillating in taking the decisions about financing through debt or equity. Some of the firms, even after getting approval from regulatory bodies for going through Initial Public Offer (IPO), are deferring their plans. In this perspective, the present research has been initiated to identify the capital market risk. Four Indian IPOs held between 2016 and 2019 are studied. The result indicates that
more » ... lt indicates that there is an inverse relationship between the profitability of the firm and the IPO subscription rate.
doi:10.18311/sdmimd/2020/26150 fatcat:7445g2adtfgmvgwpkczpd5ja2m