Analysing Enablers of Successful IPOs in the Energy Sector of India

Abstract

Energy sector is one of the important sectors of the economy. Development of this sector is key to the development of other sectors. Traditionally energy sector is capital-intensive and requires a long gestation period. India has very few players in this sector. However, with a change in government policy and a thrust on new sources of energy, this sector saw the establishment of new companies followed by the public offering of their shares. Authors attempted to identify various enablers of successful Initial Public Offers of the companies in this sector and tried to build a model based on interdependence and driving power of those factors using Interpretive Structural Modelling to understand the impact of these factors on the success of IPO.