Earnings Management by firms has been recognized by a stream of literature (Teoh et al, 1998) as a major contributory factor to the short run over performance and long run under performance of Initial Public Offerings (IPOs). This paper outlines the methodology and the key research questions to be adopted for studying Earnings Management for Indian IPOs. The study tries to outline how to empirically test the relationship of the accounting concept of Earnings Management with the Finance concept of IPO under pricing. In particular it seeks to find out whether there is evidence in the Indian markets about earnings management during IPOs and if so then the impact of this phenomenon on the first day prices of the shares offered during IPOs in India.