India's IPO market is booming. What factors contribute to the swift surge in subscriptions for well-known stocks like IRFC and SBI Cards? If I wait for a fair price, am I just missing out while others benefit? How can I join in without blindly following trends?

Bharat Dynamics Limited (BDL)'s stock is climbing due to defense orders, and the IPO market is busy. Shouldn’t investors think about whether stock prices are too high? How do these short-term gains match up with the long-term outlook for the defense and tech industries?