With the Sensex scaling new peaks and investor appetite showing no signs of slowing, a fresh wave of Indian startups is rushing to file draft papers for initial public offerings (IPOs). The buoyant market sentiment, driven by robust domestic inflows and a resilient economy, has created a fertile ground for listings. Several tech and consumer-focused startups are now eyeing the public markets to raise capital, improve brand visibility, and provide exits to early investors. Experts believe this trend could mark the beginning of a strong IPO cycle in the second half of 2025, as both retail and institutional investors look to ride the rally.