In the first half of 2024, India emerged as a global leader in IPO activity, boasting over 5,450 mainboard-listed companies, which accounts for 25% of all global IPOs. Despite a global peak in IPOs in 2021, India's market thrived due to strong domestic demand and significant investments in emerging sectors. The BSE IPO index saw a remarkable 348% gain, greatly surpassing the BSE 500 index's 165% increase. Small and Medium Enterprise (SME) IPOs experienced a dramatic rise in average listing gains, jumping from 2% in 2019 to 74% in 2024. A study by SEBI highlighted that investors tended to sell IPO shares with positive gains more frequently than those with losses, indicating a strong disposition effect. Analysts predict that 2025 could see record-breaking IPO sizes, building on the momentum established in 2024.