Another reason that analysts believe could have led to the IPO rush is that the markets may be nearer to fair valuation than before leading to offloading of stakes by some holders by way of IPOs. This time may also be a space for many investors to reallocate some of their capital; many private players or investors may be exiting or partially exiting and new investors may be coming in thanks to the IPO fund-raising. Take the example of the Zomato IPO — its leading shareholder InfoEdge is expected to sell shares worth Rs 750 crore in the public offering.