Certi n Chapters 27-05

8/8/2019 Certi n Chapters 27-05

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MANGALORE

UNIVERSITY

A STUDY ON PERFORMANCE OF FOLLOW-ON PUBLIC

OFFERINGS IN INDIA

Project Report Submitted to Mangalore

University in Partial fulfillment of the

requirements for the award of

MASTERS IN BUSINESSADMINISTRATION

SUBMITTED BY

Mr. SAVINKUMAR H.N

REG. NO.081780048

UNDER THE GUIDANCE OF

Mr. R. CHANDRASHEKAR

Asst. Professor


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DEPARTMENT OF BUSINESS ADMINISTRATION,

MANGALORE UNIVERSITY,

MANGALAGANGOTRI-574199

DECLARATION

I, SAVINKUMAR H.N, bearing Reg. No. 081780048 hereby

declare that this project entitled A STUDY ON

PERFORMANCE OF FOLLOW-ON PUBLIC OFFERINGS IN

INDIA has been prepared by me towards the partial

fulfillment requirement for the award of the Masters in

Business Administration (MBA) Degree of Mangalore

University (Academic year 2008-2010), under the research

guidance ofMr. R. CHANDRASHEKAR, Asst. Professor.

I also declare that this project report is my original work

and has not previously formed the basis for the award of any

Degree, Diploma, Associate ship, Fellowship or other similar

titles of any other university.

Place: Mangalagangothri

SAVINKUMAR H.N


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Prof. MUSTIARY BEGUM

Mr.R.CHANDRASHEKAR

(Chairperson)(Project guide)

ACKNOWLEDGEMENT

When success glitters and our hard work brings colors

with contentment and satisfaction there are some supporting

pillars behind us whose constant support and encouragement

cannot be overlooked and we owe to acknowledge them.

No height is achieved without the encouragement made

at some end and it is here where I owe a special debt to our

beloved Asst. Professor Mr. R. Chandrashekar for his

constant encouragement imparting valuable tips and proper

guidance throughout my project work.

I am also grateful to Prof. Mustiary Begum,

Chairperson, Dept. of Business Administration, MangaloreUniversity, for his full support and encouragement while I was

conducting this research.

At the completion stage of this project report, I wish to

thank my beloved parents, & my beloved ones whose

constant support and encouragement helped in timely

completion of this project. I would fail in my duties if I do not


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thank all my friends and peers and all the staff members of

the department for all their help and invaluable suggestions

to complete my project.

(SAVINKUMAR H.N)

CHAPTER -1

INTRODUCTION


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CHAPTER -2

FOLLOW-ON

PUBLIC OFFERING

IN DETAIL


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CHAPTER -3

SEBI GUIDELINES

FOR FOLLOW-ONPUBLIC OFFERING


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CHAPTER -4

PERFORMANCEOF FOLLOW-ON

PUBLICOFFERINGS IN

INDIA


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CHAPTER -5

FINDINGS AND

CONCLUSION


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ANNEXURE


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BIBLIOGRAPHY


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CONTENTS

Chapter No. Title of the Chapter Page No

1 Introduction 1 8

2Follow-on Public Offering in

Detail9 28

3SEBI Guidelines for Follow-on

Public Offerings29 37

4Performance of Follow-on Public

Offerings in India38 66

5 Findings and Conclusion 67 68

Annexure 69

Bibliography 70


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LIST OF TABLES

Table No. Title of the table Page No

4.01 Number of FPOs 38

4.02 Listing returns on FPOs 39

4.03 First day return on issue price 40

4.04 First day return on listing price 42

4.05 Long term returns on BSE 44

4.06 Actual and Expected returns onNMDC

47

4.07 Actual and Expected returns on

NTPC

50

4.08 Actual and Expected returns on REC 53


BSEL

55


BEML

57


ICICI Bank

59


ANDHRA Bank

62


BPCL

65

LIST OF CHARTS


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Chart No. Title of the chart Page No.

4.01 First day return on issue price 41

4.02 First day return on listing price 43

4.03 Long term returns on BSE 45

4.04 Actual and Expected returns on NMDC 47

4.05 Actual and Expected returns on NTPC 50

4.06 Actual and Expected returns on REC 53

4.07 Actual and Expected returns on BSEL 56

4.08 Actual and Expected returns on BEML 58

4.09 Actual and Expected returns on ICICI

Bank

60


ANDHRA Bank

62

4.11 Actual and Expected returns on BPCL 65

Documents

Certi n Chapters 27-05