New Delhi, Aug. 13 -- The Indian primary market is on fire. 2025 has already seen a record number of filings, blockbuster listings, and frenzied investor interest across both mainboard and SME initial public offerings (IPOs). Not only have they caught retail investor interest, but the IPO euphoria is also visible in the investment trends of the institutional investors.

Till July 2025, 163 public offerings have hit the market, looking to raise Rs.67,000 crore, according to Prime Database. In August, too, there is no slowdown in the number of offerings, with many big names like JSW Cement, having accessed the IPO market and a few more lined up.

G Chokkalingam, Founder, Equinomics Research, explained that the lure of strong listing gains, ...