New Delhi, Feb. 18 -- The prolonged weakness in the secondary market seems to have finally caught up with the primary market, as investor enthusiasm for new issues has notably waned. A majority of IPOs in February witnessed subdued demand from investors, particularly from the retail segment.

Unlike the frenzied participation seen from retail investors in previous months, many offerings, including those in the SME segment, struggled to garner high subscription levels this month and, in some cases, failed to deliver strong listing gains.

So far in February, 10 companies, including those from both the mainboard and SME segments, have successfully raised funds on Dalal Street. However, eight out of these 10 have received a weak response fro...