Half of 80 listings in red: India’s Rs 35,000 crore IPO bash leaves investors with a hangover

India’s IPO market has seen over 80 listings in the past two months, raising nearly Rs 35,000 crore across mainboard and SME segments. Despite the surge, investor returns have been muted, with the average gain at just 7%. In the mainboard space, 16 out of 31 companies now trade below their issue price, highlighting the challenges of recent offerings.