India's primary market is experiencing a surge in activity, with Offers for Sale (OFS) dominating Initial Public Offerings (IPOs). While some view this as a sign of a maturing market, allowing early investors to exit, others express concern over promoter dilution and funds not directly benefiting the business. Historically, OFS components were smaller, but since 2013, they have constituted a larger portion of IPOs, with pure OFS issues reportedly yielding higher returns than fresh capital issues.