Seshadev Sahoo
Associate Professor
Specialization : Finance and Accounting
Qualification :
  • Ph.D (from IIT Kharagpur)
  • MMS (Master of Management Science)
  • M.Com
Contact No. : 0522-6696635 (O), 6696424 (R ); Mob: 9956333508
Email Id : seshadev[at]iiml[dot]ac[dot]in
Curriculum Vitae |
Bio Data
Teaching Areas
Research Areas
Consulting Areas
Position Held
Recent Publiaction, Article, Cases
Awards & Recognitions
Bio Data

Dr. Seshadev Sahoo is working as an Associate Professor in Finance & Accounting area at Indian Institute of Management, Lucknow, India. He received a MMS and M.Com in Finance from Utkal University Bhubaneswar, Odisha India. He has published around fourteen international & national level cutting edge research papers in finance. His research papers appeared in Journal of Emerging Market Finance, Spanish Review of Financial Economics, Afro-Asian Journal of Finance and Accounts, International Journal of Financial Services Management, Vikalpa, IIMB Management Review, Decision, IUP Journal of Applied Finance. Dr. Sahoo has served as resource person for several executive development programmes for different companies and organizations i.e. Delhi Transco Ltd., Satluj Jal Vidyut Nigam, NTPC Ltd., and HIPA Gurgaon. Financial statement analysis, initial Public Offerings (IPO) valuation, and Cost and Management Accounting for decision making are his training and research domain.

Teaching Areas
  • Financial Statement Analysis
  • Management Accounting
  • Corporate Finance
  • Financial Reporting and Analysis
Research Areas
  • Initial Public Offering (IPO) Valuation, New issue market
  • Financial Reporting and Analysis and equity valuation
  • Cost administration and Control. Management Accounting
Consulting Areas
  • Financial evaluation and performance analysis
  • Initial Public Offerings (IPO) valuation
  • New issue management
  • Cost evaluation and control
Recent Publications, Articles, Cases

Paper published in refereed journals

  • Sahoo, S., (2016), Signalling by IPO Grading: an empirical investigation, Afro-Asian Journal of Finance and Accounting, Vol. 6, No. 1, pp.68-85.
  • Sahoo S., (2016), Determinants of lapsation of life insurance policies: an empirical investigation for the Indian market, International Journal of Financial Services Management, Vol.8, issue 2, PP.133-147 (co-authored with S. Mall).
  • Sahoo, S., (2015), Subscription Rate and Volatility: an investigation for Indian IPOs, Journal of Emerging Market Finance, Vol.14 Issue 1, pp. 20-58.
  • Sahoo, S., (2014), Do Analyst’s Recommendations Create Value? Empirical evidence from Indian IPO Market, Spanish Review of Financial Economics, Vol. 12 Issue 2, pp. 82-95.
  • Sahoo, S., (2014), How do investors’ subscription rate and pattern affect underpricing? An empirical investigation for Indian IPOs,Afro Asian Journal of Finance and Accounting, Vol.4. Issue 3, pp. 367-386.
  • Sahoo, S., (2014), Impact of Corporate Board Structure on Pricing Performance of Initial Public Offerings (IPOs), IUP Journal of Applied Finance, Vol.20, Issue 4, pp. 22-47
  • S.Sahoo & P.Rajib (2013) “Valuing IPOs Using P/E Multiple: An Empirical Investigation”, Decision: The journal of Indian Institute of Management, Calcutta, Vol.40 Issue 1-2, pp.27-46
  • Sahoo, S.,& P., Rajib (2012), “Determinants of Pricing IPOs: An Empirical Investigation”, South Asian Journal of Management, Vol.19 No.4, pp.59-87
  • Sahoo, S., (2012), “Syndicate Size, Structure and Performance: An Empirical Investigation for Indian IPOs”, The IUP Journal of Applied Finance, Vol.18 Issue 3, pp.67-83
  • S.Sahoo (2012) “Valuation of Fixed –Price Offers: An IPO Perspective”, IUP Journal of Financial Economics, Vol. X No.1, pp. 42-61
  • Sahoo, S. & P.Rajib (2011), “Risk proxies and IPO Underpricing: An Empirical investigation”, The IUP Journal of Applied Finance, Vol.17, No. 4, pp.38-56.
  • Sahoo, S. & P.Rajib (2010), “Post Issue Promoter Groups Holding, Signaling and IPO Underprice: Evidence from Indian IPOs, International Journal of Financial Services Management (IJFSM), Vol.4, No. 2, pp. 95-113.
  • Sahoo, S. & P.Rajib, (2010) “After Market Pricing Performance of Initial Public Offerings (IPOs): Indian IPO Market 2002-2006, The Vikalpa: Indian Institute of Management Ahmedabad (IIMA), Vol.35 No. 4, pp.25-41.
  • Sahoo, S. & P.Rajib (2009) “Investment Bank Prestige and IPO Underpricing: An Empirical Study”, IIMB Management Review, Indian Institute of Management, Bangalore, Vol.21, No. 3, pp.189-204

Case Publication

  • Sahoo, S. & P.Rajib (2013), “Withdrawn IPO: Galaxy Surfactants Limited- A case study from Indian IPO Market” as Book Chapter in an edited book titled "Resource book on Case studies in Business Management: a global perspective", ISBN: 978-93-8212-754-3, Ane Books Pvt. Ltd, New Delhi, India. Pp.1-23.

 Book Chapter

  • S. Sahoo & P.Rajib (2009), “Determinants of Post Issue Promoter Groups Holding in IPOs: an empirical investigation” as Book Chapter in an edited book titled “Financial Sector: Contemporary Issues”, edited by Kar and Samanta, IBS, Bhubaneswar, Odisha, published by Serials, New Delhi, India, pp.218-235

Paper presented in conferences

  • S.Sahoo (2016) “Do Anchor Investors Create Value for Initial Public Offerings? An Empirical Investigation ”, Global Finance Conference, April, 21-23, 2016 at Craig School of Management, California State University,Fresno, CA, USA.
  • S. Sahoo (2015) “Syndicate Size and Pricing Performance: An Empirical Investigation for Indian IPOs”, 3rd PAN-IIM World Management Conference, December, 16-18, 2015 at Indian Institute of Management Indore, (M.P.) India.
  • S.Sahoo & Mall S., (2014) “Earnings Management and Initial Public Offering’s Pricing Performance: Evidence from Indian market ”, India Finance Conference, on 17-19 December, 2014, at Indian Institute of Management, Bangalore, Karnataka, India.
  • S.Sahoo (2013) “Explaining Post-Issue Operating Performance of Initial Public Offerings Issued in India”, India Finance Conference 2013, December 18-20, 2013, at Indian Institute of Management, Ahmedabad, Gujarat, India.
  • S.Sahoo (2013) “Analyst Recommendation and IPO price Performance: An Empirical Investigation from Indian Market”, ICDABAI 2013, April 13-14, 2013, at Indian Institute of Management, Ahmedabad, Gujrat, India.
  • S.Sahoo (2012) “Board Structure and Pricing of Initial Public Offerings: An Empirical Investigation from Indian Market”, India Finance Conference 2012, December 19-21, 2012, at Indian Institute of Management, Calcutta, West Bengal, India.
  • S.Sahoo & P.Rajib (2012) “Syndicate Structure, Size and After Market Pricing Performance for IPOs: An Empirical Investigation”, Doctoral Colloquium, 2012, January 7-8, 2012, at Indian Institute of Management, Ahmedabad, Gujarat, India.
  • S.Sahoo & P.Rajib (2011) “IPO Rating and Value Inference: An Empirical Investigation”, International Finance Conference 2011, January 10-12, 2011, at Indian Institute of Management, Calcutta, West Bengal, India.
  • S.Sahoo & P.Rajib (2011) “Determinants of IPO Syndicate Size: An Empirical Investigation” 2nd IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence, 8-9 January 2011, at Indian Institute of Management, Ahmedabad, Gujarat, India.
  • S.Sahoo & P.Rajib (2011) “Subscription Rate and After Market Price Risk: An empirical investigation for Indian IPOs”, India Finance Conference, on 21-23 December, 2011, at Indian Institute of Management, Bangalore, Karnataka, India.
  • S.Sahoo & P.Rajib (2009) “Subscription Pattern and Underprice: an empirical investigation for Indian IPOs”, IIM Calcutta International Finance Conference 2009, December 03-05, 2009, at Indian Institute of Management, Calcutta, West Bengal, India.
  • S.Sahoo & P.Rajib (2009) “Measurement of Risk and IPO Underprice”, First IIMA International Conference on Advanced Data Analysis, Business Analytics and Intelligence, 6-7 June 2009, at Indian Institute of Management, Ahmedabad, Gujarat, India.
  • S.Sahoo & P.Rajib (2007) “Signalling Variables and IPO Underpricing”, National Conference on Indian Capital Market: Emerging Issues, on 6-7 April, 2007, ICFAI Business School (IBS) Gurgaon.

Reviewer for International and National Journals:

  • IIMB Management Review (Published by IIM Bangalore, India),
  • Metamorphosis: A Journal of management research (IIM Lucknow),
  • IIFT Journal, Published by IIFT, India.
  • IUP Journal of Applied Finance

 Evaluation of Doctoral Thesis in Finance:

  • Determinants of Underpricing of Indian Initial Public Offerings (IPOs) and Attitude of Investor Community, Authored by Ms. Kanika Gupta, Lecturer, Globe Business School, Munich, Germany.

Visiting Faculty to:

  • National Power Training Institute (NPTI), Faridabad, (2004-2008): A Government of India undertaking imparting two years full time residential MBA Programme, having specialization in power management. Teaching assignment includes: Corporate Financial Management, Accounts for Managers.
  • Haryana Institute of Public Administration (HIPA), Gurgaon, (2003-2006): An undertaking of Govt. of Haryana to educate the state administrators/ bureaucrats in the field of finance, materials management, analysis and interpretation of corporate accounts, budgeting, cash flow analysis, finance for non-finance professionals and many others.
  • Indian Institute of Technology (Vinod Gupta School of Management) Kharagpur: Offered the course titled as ‘Corporate Financial Management’ in the executive MBA Programme at Bhubaneswar during 2008-2009.

Training: MDPs (Programme Director):

  • Co-Designed & Co-Programme Director for Middle Level Managers, Coal India Ltd., 5th May-16th May2014.
  • Co-Designed & Co-Programme Director for Middle Level Managers, Coal India Ltd., 28th July-August 8- 2014
  • Co-Designed & Co-Programme Director for Middle Level Managers, Coal India Ltd., 18th August-August 29- 2014.
  • Co-Designed & Co-Programme Director for Business Leadership Programme for the Executives of JK Group, May 23-June 4, 2016.

Faculty Resource for MDPs (among others):

  • Delhi Transco Ltd.
  • NTPC Ltd.
  • HIPA Gurgaon.
  • Indian Revenue Services
  • Hindustan Petroleum Corporation Ltd
  • Coal India Ltd.
  • Indian Economic Service
  • SJVN Ltd.
  • NIC
  • JK Group

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