Professional Documents
Culture Documents
Number of
IPOs
18
51
114
7
6
14
23
79
77
85
Amount(Rs.
Cr.)
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
Parameters of Interest
Number of IPOs
Amount (Rs. Cr.)
Mean
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Total
Mean
Number of
IPOs
18
51
114
7
6
14
23
79
77
85
474
47.4
Amount(Rs.
Cr.)
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
103915.11
10391.511
Median
Median = L+ [ (N/2)-(C.F.) ]*i /F
Where,
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Total
Median Class is 2005-2006
L = 2005
N/2 = 237
C.F. = 233
F = 79
i=1
Median = 2005.05
y (Number of Cumulative
IPOs)
Frequency
18
18
51
69
114
183
7
190
6
196
14
210
23
233
79
312
77
389
85
474
474
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Total
Median Class is 2006-2007
L = 2006
N/2 = 51957.55
C.F. = 32816.11
F = 28504
i=1
Median = 2006.67
Amount(Rs. Cumulative
Cr.)
Frequency
404.21
404.21
2719.04
3123.25
2722.38
5845.63
1201.8
7047.43
1038.68
8086.11
1412
9498.11
12382
21880.11
10936
32816.11
28504
61320.11
42595
103915.11
103915.11
Mode
Mode = Lmo + (d1/(d1+d2))*w
Where,
Mode(No. of IPOs)
Lmo = 2000
d1 = 114-7 =107
d2 = 114-51 = 63
Mode = 2000.63
Mode(Amount)
Lmo = 2000
d1 = 2722.38-1201.8 =1520.58
d2 = 2722.38-2719.04 = 3.34
Mode = 2000.99
Number of
IPOs
18
51
114
7
6
14
23
79
77
85
Amount(Rs.
Cr.)
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
Variance
N = number of observations
= Mean
Year
X
1998-1999
1998.5
1999-2000
1999.5
2000-2001
2000.5
2001-2002
2001.5
2002-2003
2002.5
2003-2004
2003.5
2004-2005
2004.5
2005-2006
2005.5
2006-2007
2006.5
2007-2008
2007.5
Total
Variance = 38243796.1/10
y
18
51
114
7
6
14
23
79
77
85
474
x-
1951.1
1952.1
1953.1
1954.1
1955.1
1956.1
1957.1
1958.1
1959.1
1960.1
(x-)2
3806791.21
3810694.41
3814599.61
3818506.81
3822416.01
3826327.21
3830240.41
3834155.61
3838072.81
3841992.01
38243796.10
x-
-8393.011
-8392.011
-8391.011
-8390.011
-8389.011
-8388.011
-8387.011
-8386.011
-8385.011
-8384.011
(x-)2
70442633.65
70425848.62
70409065.60
70392284.58
70375505.56
70358728.54
70341953.51
70325180.49
70308409.47
70291640.45
703671250.47
= 3824379.611
Standard deviation = (Variance)
= 3824379.611
= 1955.6
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Total
X
1998.5
1999.5
2000.5
2001.5
2002.5
2003.5
2004.5
2005.5
2006.5
2007.5
y
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
10391.511
Variance = 703671250.47/10
=70367125.05
Standard deviation = (Variance)
= 70367125.05
= 8388.511
Measures of Skewness
Skewness is defined as:
Where,
X=data point
N=no. of observations
S = Standard deviation
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Skewness = 1.6699566
x
1998.5
1999.5
2000.5
2001.5
2002.5
2003.5
2004.5
2005.5
2006.5
2007.5
y
18
51
114
7
6
14
23
79
77
85
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Skewness = 0.4510708
Measures of Kurtosis
Kurtosis is defined as:
Where,
X=data point
N=no. of observations
S = Standard deviation
X
1998.5
1999.5
2000.5
2001.5
2002.5
2003.5
2004.5
2005.5
2006.5
2007.5
Y
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
x
1998.5
1999.5
2000.5
2001.5
2002.5
2003.5
2004.5
2005.5
2006.5
2007.5
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
x
1998.5
1999.5
2000.5
2001.5
2002.5
2003.5
2004.5
2005.5
2006.5
2007.5
18
51
114
7
6
14
23
79
77
85
Kurtosis = -1.365
Kurtosis = 2.0423428
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
Relative Frequency
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Total
y
18
51
114
7
6
14
23
79
77
85
474
Relative
Frequency
0.03797
0.10759
0.24051
0.01477
0.01266
0.02954
0.04852
0.16667
0.16245
0.17932
1.00000
Cumulative
Relative
frequency
0.0380
0.1456
0.3861
0.4008
0.4135
0.4430
0.4916
0.6582
0.8207
1.0000
Year
1998-1999
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
Total
y
404.21
2719.04
2722.38
1201.8
1038.68
1412
12382
10936
28504
42595
103915.11
Relative
Frequency
0.00389
0.02617
0.02620
0.01157
0.01000
0.01359
0.11915
0.10524
0.27430
0.40990
1.00000
Cumulative
Relative
frequency
0.0039
0.0301
0.0563
0.0678
0.0778
0.0914
0.2106
0.3158
0.5901
1.0000
Inferences
The table gives the frequency of the book- built IPOs in India with respect to the year
of issue and the issue size.
As it is evident from the table that the number of IPOs listed on National Stock
Exchange were quite less from the year 1999 to 2003 as compared to the number
listed on from the year 2004 to 2007. There were twenty IPOs in total from 1999 to
2003 whereas year 2004 alone witnessed the listing of twenty IPOs.
Afterwards the IPOs number has followed an increasing trend up to 2007. The
growth rate from the year 2004 to 2007 is 38.8%.whereas the growth rate from the
year 1999 to 2003 has a negative growth rate of 53.33%.
So we may say that the time frame from the year 1999 to 2003 represents a cold
issue market for the NSE while the time frame from 2004 to 2007 represents the hot
issue market.