New Delhi, Dec. 4 -- Although 2025 is expected to be a year of heightened volatility for the Indian stock market, the IPO segment continues to ride the wave of a capital-raising spree for unlisted stock investors. Companies ranging from tech startups and fintech firms to renewable energy businesses have entered Dalal Street as a means to expand the scale of their operations.

Most issues have received strong investor response, even in cases where big-ticket IPOs, which typically struggle to attract attention, have drawn robust demand, flipping the usual script.

Sustained interest from retail investors, along with the robust participation from overseas investors amid rich valuations in the secondary market, has contributed to another busy...