The primary motive of an Initial Public Offering is to make shares of the company publicly trade-able, and it becomes important to analyse how these shares perform after listing on a stock exchange. A number of studies have examined IPO pricing and its anomalies and have found with more or less homogeneity, the presence of high returns on listing and negative stock returns in the periods subsequent to listing. This puzzling behavior of New Issues Market has driven the research in this book. This book analyses the long-run performance of new issues in India. Specifically, it identifies the extent and determinants of operating and share price performance of Indian IPOs over a period of five years after the issue and the relationship between the two.