India, Nov. 28 -- As the IPO (Initial Public Offering) frenzy ensues, retail investors seem to be selling existing stocks to buy new ones. With the market indices on a kind of a freeze, except in the recent past, people seem to think that there is more money to be made in IPOs, largely due to listing gains, or the difference between the offer and list prices, compared to stock price movements in the secondary market. Hence, it is worthwhile to sell the stocks they own, and buy the ones offered by the IPOs to maximise returns. In October, 2025, thanks to the large-scale IPOs in that month, and the next one, retail investors sold stocks worth more than Rs12,000 crore in the secondary market. Experts speculate that the money flowed into IPOs...