Early 2024: The Golden Phase for IPOsIPOs like KRN Heat Exchanger, Gala Precision, and Bajaj Housing Finance delivered massive gains..Recent Challenges in the IPO Market.Declining Performance: High-profile IPOs like Hyundai, Swiggy, Afcons, and NTPC Green Energy faced poor performance..Ambitious Valuations: Overpricing based on sentiment and weak earnings visibility hurt post-listing performance..Adverse Market Conditions: Q2 earnings, global uncertainties, inflation, and high valuations created market headwinds..Investor Fatigue: The rapid influx of IPOs has stretched capital, leading to lukewarm interest and weak support..Shifts in Investor Sentiment.Cautious Approach: Investors are becoming more discerning, prioritizing fundamentals over hype..Optimism for the Future.Market Recalibration: The correction phase may align valuations with fundamentals, fostering long-term stability..Growth Potential: Experts predict larger IPOs with a focus on sustainable growth, not just listing-day gains.