India's IPO market is experiencing a significant shift, with smaller and medium-sized enterprises (SMEs) outperforming larger, established companies.

This year, there have been almost 600 IPOs, with 335 launched by mid-October. Notably, the first half of 2024 saw 110 SME IPOs, of which 87 showed gains and 43 doubled investors' money, according to data from PRIME Database.

In contrast, major IPOs from well-known companies like Hyundai Motors and Ola Electric have faced challenges. Research from Capitalmind Financial Services indicates that 24 out of the 40 largest IPOs in the last decade did not match the performance of the CNX 500 index, and 12 had negative returns. This trend highlights investors' increasing preference for high-risk, high-reward opportunities, as they seek substantial returns in a market characterized by thrill-seeking behavior.