Is the IPO craze over? Stock market correction hits public listings

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Key Points

Global economic uncertainty, rising interest rates, and tighter liquidity have made investors cautious...

Indias IPO market, which has been vibrant with activity in the current financial year, is facing challenges despite a year marked by blockbuster listings...

After the excitement generated by this years major IPOs, such as Hyundai Motors and Swiggy, investor interest in smaller or mid-sized offerings seems to have waned...

The rapid influx of public offerings has stretched investor focus and capital thin, resulting in many IPOs receiving lukewarm interest and weak support," said Ritin Agarwal, Managing Partner, Fundvice...

For example, Resourceful Automobile's IPO, which had no anchor investors but garnered almost 500 times retail subscription, contrasts sharply with Usha Financial Services' IPO, which received only 20 times subscription despite backing from institutional investors..

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