India’s IPO boom faces valuation reality check
Nearly half of new listings now trade below offer price, as enthusiasm-driven valuations collide with stricter fundamentals.

India’s IPO market has climbed to a record 1.77 trillion rupees this year, underscoring both strong investor demand and the growing maturity of the country’s capital markets. The surge has been driven by rising retail participation alongside steady institutional interest, positioning India as one of the world’s most active fundraising hubs.
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