New Delhi, Feb. 3 -- While the Indian secondary market continued to experience extreme volatility in the new year, the primary market remained active, with new companies lining up to list their scrips on Dalal Street. Following a record number of listings in the previous calendar year, this trend continued into January, with 29 companies successfully debuting on exchanges.

The SME segment continued to dominate the primary market, driven by strong support from retail investors. In addition, the shift in focus from foreign portfolio investors (FPIs) to the IPO market-driven by elevated valuations in the secondary market- also contributed to strong demand for new issues, resulting in strong subscription rates and a grand entry into the seco...