Mumbai, Aug. 4 -- Amid rising global trade tensions and lacklustre corporate earnings, Indian retail and high-net-worth investors are pouring capital into initial public offerings (IPOs) in pursuit of quick listing gains-even as risks mount.

Five IPOs that closed last week collectively received Rs.2.46 trillion in bids, against a combined offer size of Rs.7,008 crore, according to exchange data. That amounts to an oversubscription of about 35 times. The issues include India's largest depository National Securities Depository Ltd (NSDL), Aditya Infotech, Sri Lotus Developers and Realty Ltd, M&B Engineering Ltd, and Laxmi India Finance Ltd.

NSDL's offering drew the most interest by value, with bids worth Rs.1.15 trillion for shares worth ...