2026 mein ab tak **84** IPOs ne **₹1.10 lakh crore** jama kiye hain, lekin hawa badal rahi hai. Investors ab sirf 'growth stories' par bharosa nahi kar rahe, balki seedha profit aur fundamentals dekh rahe hain.
IPOs ki bharmaar, par ab savdhani zaroori!
Saal 2026 IPO market ke liye kaafi busy raha hai. Ab tak 84 mainboard companies ne market se total ₹1.10 lakh crore raise kiye hain. Shuruat mein toh retail aur institutional investors ka kafi craze tha, lekin ab market ka mood thoda change ho raha hai. SMID (Small and Mid-cap) stocks ki valuations ab us level par hain jahan 'growth' se zyada 'consistent profit' matter karta hai.
Growth story ya sirf marketing?
Analysts ab thode cautious hain. Pehle investors electronics aur defense sector ki sirf 'future promise' dekh kar paisa daal rahe the, lekin October 2026 ki volatility ne dikha diya ki balance sheet kitni solid hai. Log ab speculative bets chhod kar wahi company dhoondh rahe hain jinka profit growth real hai.
OFS ka chakkar samajho
Ek aur badi problem hai 'Offer for Sale' (OFS). Zyada IPOs mein paisa company ke expansion ya nayi factory ke liye nahi, balki purane promoters aur early investors ki jeb mein ja raha hai. Company ko business badhane ke liye cash mil hi nahi raha, wo bas apna stake bech kar nikal rahe hain. Isliye, invest karne se pehle ye check karna zaroori hai ki paisa business mein ja raha hai ya sirf exit plan hai.
Lock-in period ka khatra
October mein aaye kai IPOs ab apne issue price ke neeche trade kar rahe hain. Iska bada reason high valuations aur 'lock-in expiry' ka darr hai. Jaise-jaise early investors ka lock-in period khatam hoga, shares mein selling pressure badh sakta hai. Investors ko ab har quarter ke results par nazar rakhni hogi, kyunki agar company ne revenue ya margin mein zara bhi disappoint kiya, toh stock price mein sharp correction aa sakta hai.