The study deals with finding whether the current pricings of IPOs are genuine to the investors or not, i.e. whether or not the companies are worthy of receiving premium. Securities are fairly priced in the capital markets if they are efficient and genuine. Pricing of securities (IPOs) is an essential factor to gain investors' confidence and aid in the companies' development and overall growth of an economy. IPO details, both book building and fixed price, issued since 1st January 2011 till 29th April 2014 are collected. The IPOs are categorized on the basis of their issue prices vs. market prices, and their paid up capitals. Fundamental analysis, using Dividend Discount Model, is done on selected 9 companies belonging to each category, to find the intrinsic values of the IPOs. Then, the financial conditions of the companies viz. EPS, P/E ratio, Dividend per share, Net worth, Reserves and surplus, Net profit and ROE, 2 years prior to the issue till FY 2013, are analysed to check the genuineness of the IPO pricing. The IPOs issued at premium are found to be genuine. The IPOs whose issue prices are less than their intrinsic values are also justified. Any false pricing is automatically rectified in a few years and the market either punishes or rewards the company in due course of time.