It’s raining IPOs this year. The primary market has been buzzing, with benchmark indices touching new highs. While many public issues are lined up for launch in the coming months, the excitement around IPOs has fizzled out a bit recently. Hyderabad-based Vijaya Diagnostic Centre’s IPO is the latest example of this. Despite robust business performance and the growing diagnostics industry in India, the company’s INR1,894 crore IPO was subscribed...