IPO mania or OFS mania?

The Indian stock market is having a dream run right now with Sensex gaining 26 per cent from January 2021 and 114 per cent from the March lows. So, it is not a surprise that promoters were excited to take their company public through an IPO at a time when the market was enthusiastic. Dalal Street has witnessed 49 main-board IPOs so far; this number would become 50 once the IPO for Tarsons Products opens. This has also been a great opportunity for the Indian startup unicorns to introduce themselves to the public. Companies like Zomato, Paytm, Nykaa, and Policybazaar have raised more than a combined total of Rs 38,000 crore, which is 38 per cent of all the issues.