The Indian stock market has witnessed a resurgence in technology initial public offerings (IPOs) in 2024, with six successful listings occurring between May and August. Notably, three of these listings are backed by Peak XV and three by SoftBank, all of which are currently trading above their issue prices. According to Sumer Juneja, managing partner for India and EMEA at SoftBank, the positive performance of companies like Ola Electric, FirstCry, and Unicommerce can be attributed to sensible IPO pricing, favorable macroeconomic conditions, and an increasing acceptance of technology firms within capital markets. Additionally, there is a notable trend among venture capital investors who are shifting focus from traditional venture capital funds to establishing secondary funds, seeking more diverse exit options beyond IPOs and mergers and acquisitions.