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Below the Quote on IPO Market Commentary by Payal V. Pandya, VP – Privé Research, Bajaj Broking Privé

While the primary market has attracted significant investor interest in FY27, this should not be viewed as a structural shift away from the secondary market. The recent activity in IPOs and OFS reflects investors evaluating opportunities across both markets, particularly on the basis of valuations, business fundamentals, and growth prospects. At the same time, the recent consolidation in equities and elevated valuations in parts of the broader market call for greater selectivity.

For investors, including retail investors, the current environment calls for a balanced and disciplined approach, with greater emphasis on companies with strong balance sheets, sustainable earnings growth and reasonable valuations. Investors should remain diversified, avoid excessive concentration in overheated segments and assess opportunities based on their risk appetite and investment horizon rather than short-term market momentum. Ultimately, the focus should remain on quality, valuation and long-term fundamentals across both primary and secondary markets.

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