New Delhi, March 10 -- Despite the IPO market being quite active, the excitement appears to be lacking. The initial public offerings that are being launched are receiving very low subscription rates, and the grey market also seems to be underwhelming. Rajputana Stainless IPO and Innovision IPO are the two major IPOs currently available, both finding it difficult to navigate the landscape amid rising geopolitical tensions and surging crude oil prices. The Rajputana Stainless IPO is attempting to stabilize on its second day, while the Innovision IPO is facing challenges right from its first day of bidding.

Analysts suggest that the recent figures for IPO subscriptions indicate both market instability and fundamental challenges in the proce...