Bottom Line Up Front: While India witnessed 80 mainboard IPOs with QIB and retail oversubscription averages rising to 102x and 35x, respectively, in FY25, smart investors need to look beyond the hype. The real winners aren’t chasing every hot IPO, they’re using data-driven filters to separate genuine opportunities from overhyped offerings. The IPO Gold Rush … From IPO FOMO to Real Returns: What Retail Needs to Understand Now