The great IPO divide: Rs 1.85 lakh crore raised, but why mega IPOs are no longer safe bets
India's primary market has witnessed a surge in fundraising through IPOs, with Rs 1.85 lakh crore raised from 109 IPOs since last January. The top 10 biggest IPOs contributed over Rs 89,000 crore. However, there is a significant difference in returns among IPOs, indicating a divided market where some are seeing strong performance while others experience value erosion.