India’s mega IPO market, defined by issues over Rs 10,000 crore, has long disappointed investors, with Paytm, LIC, and Coal India leaving losses in their wake. However, the trend appears to be reversing: newer large listings such as Hyundai Motor India, Swiggy, and HDB Financial are trading above issue prices, suggesting the Rs 10,000-crore IPO curse may finally be easing.