IPO fever surges as 10 August issues cross 100x bids

August witnessed an impressive spike in IPO activity, as ten offerings saw oversubscriptions of more than a hundred times. Leading the charge was Hy-Tech Engineers, garnering bids amounting to over two hundred forty-four times its share allocation. This enthusiastic investor response not only shattered previous monthly records but also positioned 2026 as a standout year for IPOs, matching the fervor last recorded in 2024.