The Indian stock market has experienced a substantial downturn in 2025, with the BSE 500 index losing Rs 34 lakh crore in market capitalization. This decline has affected 447 constituents of the index, while only 53 stocks have managed to remain above their December 2024 levels. The market correction has also impacted newly listed stocks, which are down an average of 37% from their peak levels, with six trading 50% below their all-time highs. The ongoing selloff has resulted in notable investors, including Rakesh Jhunjhunwala and others, witnessing portfolio declines of up to 18%. The Sensex has dropped over 600 points, and the Nifty has fallen below 22,750, contributing to a total market capitalization erosion of approximately Rs 80,000 crore from the portfolios of prominent investors. The current market volatility raises concerns about the IPO market, which has seen a lackluster response so far in 2025.