New Delhi, Aug. 7 -- Amid a crowded public listing pipeline, muted investor feedback, and lower-than-expected valuations, several companies are trimming the offer-for-sale (OFS) portion of their upcoming IPOs (initial public offerings), industry experts toldMint.

Over the past few months, investors in companies like HDB Financial, Ather Energy, and NSDL have scaled back their stake sales, opting to wait for better post-listing exits through block deals and secondary sales. The latest to join the trend are Bluestone, Smartworks and Indiqube.

Stake sales in upcoming IPOs by SK Finance and LG may also be trimmed, according to people familiar with the matter who did not wish to be identified. Queries sent to both companies did not elicit a ...