Initial Public Offerings (IPOs) have gained major impetus in India, with companies viewing it as more than just a means of raising funds, but as a vehicle towards gaining visibility, credibility, and access to a wider investor base. Listing of stocks in the secondary market enhances the market reputation and attracts investor attention for the issuer company. Furthermore, a public issue serves as a prospect for exit and profit realization by private capital providers. With a booming start-up ecosystem and established organizations looking for expansion, the new issues market has surged. Robust regulatory framework, increasing retail investor participation and conducive Government policies have fueled this surge further. However, not every public offering will create wealth. Pricing patterns of IPO stocks during the last 10 fiscal years, has undergone a lot of changes owing to regulatory and legal reforms for public issues in India. This research paper aims to analyse the trends in pricing and performance of Mainboard and Small and Medium Enterprises Initial Public Offerings floated through the last 10 financial years on the Bombay Stock Exchange. Some recent offerings, especially those structured as pure Offers for Sale, don’t raise fresh capital, limiting future growth potential. Also, high valuations in select issues and macroeconomic uncertainties – such as global oil price swings and foreign fund outflows – could dampen returns post-listing. Issues priced close to their listing-day close price are considered fair for issuing firms and investors. Many of the companies going public belonged to high-growth sectors like Fintech, e-Commerce/Tech Platforms, and specialized manufacturing, all of which commanded high investor appeal and premium valuations.