AUGUST-2025

August 2025 Volume 41 Issue 08

1. EVALUATING EFFECTIVENESS OF IPO PRICING IN THE INDIAN MARKETS

Authors: Dr MANGESH NIGUDKAR¹, AMIT BATHIA²*, Dr. SHOAIB MOHAMMED³, Dr. MALCOLM HOMAVAZIR⁴, CA SAMEER POPAT⁵ AND PRASAD NAIK⁶

Abstract

The Indian IPO market has also been growing at a rapid rate in the recent past with companies from various sectors of business listing on the market to mobilize funds. Indian IPO valuations are influenced by various factors such as economic environments, regulatory announcements, sentiment of investors, and firm-specific events. This study aims to analyze the trend in IPO pricing in India from 2016 to 2025 in terms of average IPO prices, IPO issuance, most active IPO sectors, and performance of IPOs post-listing. The study uses data from various sources such as company prospectuses, stock exchange websites, and financial newspapers. The findings show that the average IPO valuations have increased significantly over the years, with the highest valuation achieved by the technology, financial service, and consumer goods sectors. The study further picks on the impact of retail participation on IPO valuations, and investor sentiment as determinants for the success of IPOs. Overall, the study illuminates the dynamics of the IPO market in India and provides valuable information to investors, policymakers, and market participants.

Keywords: PAT, Retail Subscription, Valuation, IPO Efficiency, P/E Ratio, T Test, Man Whitney U Test, Levene’s Test, One Sample T Test, Crowding Out.

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2. MOVING THE PARADIGM IN ASEAN – POLICIES, FINANCING & CORPORATE ACTIONS FOR GREEN ECONOMY

Authors: PRANTIK RAY

Abstract

Southeast Asia (ASEAN) stands at a pivotal moment in its transition to a sustainable, low-carbon economy. With emissions projected to rise by 42% by 2030, the region faces a significant challenge: balancing economic growth with environmental responsibility. Despite progress— such as a 20% increase in green investments in 2023— current financing levels fall far short of the $1.5 trillion needed by 2030. The corporate sector, financial institutions, and policymakers must collaborate to accelerate the transition through policy interventions, financial innovations, and corporate sustainability actions. This paper explores these three core dimensions and provides actionable recommendations for driving ASEAN's green economy forward.

Keywords: ASEAN Green Economy, Sustainable Finance, Low-Carbon Transition.

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3. EFFICIENCY RANKING OF SELECTED LIFE INSURERS IN INDIA USING TOPSIS

Authors: DR. T. GEETA MADHURI NAIDU¹ AND DR. P. SOBHA RANI²

Abstract

This study employs the Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) to evaluate and rank the performance of selected life insurance providers in India. The assessment incorporates multiple dimensions of performance, encompassing financial strength, solvency, liquidity, and operational efficiency. Through normalization, weighting, and calculation of proximity to an ideal benchmark, the framework identifies insurers that demonstrate best practices within the sector. The resulting rankings provide meaningful insights to regulators, investors, and policymakers, enabling evidence-based benchmarking and strategic decision-making. To ensure the robustness of the outcomes, a sensitivity analysis was conducted, confirming the stability of rankings under varying weight scenarios. The proposed framework thus offers a systematic, quantitatively rigorous approach to performance appraisal in the Indian life insurance industry.

Keywords: Life insurance, Performance Measurement, Efficiency Ranking, TOPSIS, Financial Evaluation, Indian Insurance Sector.

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4. ALIENATION, WOMANHOOD, AND SOCIAL RESISTANCE IN ALICE WALKER’S MERIDIAN: A SOCIOLOGICAL REIMAGINING OF WOMANIST LITERATURE

Authors: DR. P ASHA¹, DR. SUSHMA RAJ² AND C PRADGNA³

Abstract

This paper reexamines Alice Walker’s Meridian (1976) not only as a feminist or womanist text but as a
sociologically significant narrative that documents the interplay of race, gender, class, and activism in twentieth,
century America. By drawing on sociological theories of alienation (Karl Marx), double consciousness (W. E. B.
Du Bois), racial psychology (Frantz Fanon), cultural representation (Edward Said), and intersectionality
(Kimberlé Crenshaw), the analysis positions Meridian as a literary, sociological exploration of the ways Black
women navigate oppression and construct communal identities. Through the protagonist’s struggles with
motherhood, alienation, and activism, Walker humanizes sociological concepts and illustrates how literature can
serve as a mirror and agent of social transformation. The article integrates literary criticism with sociological
frameworks, presenting Walker’s novel as both a narrative of personal emancipation and a manifesto for collective
survival.

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Accountancy Business and the Public Interest

Accountancy Business and the Public Interest

August 2025 Volume 41 Issue 08