New Delhi, Nov. 16 -- It's a galore of initial public offers, or IPOs, on Indian equity markets. The 90 IPOs so far in 2025 have cumulatively raised Rs.1.51 trillion (up to 13 November 2025) marginally behind the Rs.1.59 trillion vacuumed up by issuers in all of 2024, according to IPO tracker Prime Database.

More recently, Lenskart's IPO was in the news for its IPO at Rs.70,000 crore-valuation, which was roughly ten times its sales and 230 times its FY25 earnings.

Unfazed by such high valuations, retail investors lapped up the shares of the eyewear retailer, with the retail book getting subscribed 7.56-times. The appetite of retail investors for IPOs has remained strong, with the average subscription of retail book being about 24.28-tim...