IPO surge, Sept. 8 -- While the primary market was off to a slow start in 2025, the momentum has certainly picked up pace as the year progressed. Some 53 mainboard IPOs have already hit Dalal Street this year so far, with three more - Urban Company, Dev Accelerator and Shrinagar House of Mangalsutra - set to open this week.

What's more? 84 companies are sitting on the sidelines, waiting to launch their IPOs, set to offer retail and institutional investors a galore of opportunities to tap upcoming and established names.

The optimism in the IPO market stands in contrast to the tepidness visible in the Indian secondary market. Even among foreign portfolio investors, the trend of buying IPOs and selling stocks is evident.

"This divergence-...