Dalal Street is in the middle of an IPO carnival. In just a few weeks, investors have witnessed a parade of public issues—from household names like Tata Capital and LG Electronics India to a stream of ambitious consumer-tech and SME hopefuls.
Subscription windows are filling within hours, grey market premiums are flashing across WhatsApp groups, and brokers are calling it the most frenetic primary market in years. But beneath the neon optimism, a quieter question hums: Is this frenzy a reflection of fundamentals, or just another liquidity high?
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IPO RUSH BACK ON DALAL STREET
The surge in IPOs this season isn’t accidental.
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