India, Nov. 18 -- Suddenly, the tide has turned against IPOs (Initial Public Offerings). From excited and exulted news about the issues, and how their oversubscriptions reached dizzying heights, which were followed by massive listing gains, the headlines are sober, even depressing. We find events about low subscriptions, as one of the recent IPO was subscribed less than two times. Listing gains have vanished, with premiums in single digits. Many past IPOs that managed great listing gains are being quoted at huge discounts, including prices that are way lower than the offer prices. Now comes another suggestion of a panic-induced future. A new headline screamed that the past five booms in IPOs were followed by stock market busts. Ergo, be p...