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priyank maheshwari
Stealth • 11d
हां भाई खाते में है तो है। 5 बजने वाली है, जल्दी लगा दे One thing is clear: India's IPO boom offers lucrative exits for VCs and high-valuation investors. However, I believe nearly 90% of individual investors apply solely on the basis of GMP—essentially following the herd. I'm not against non-finance individuals participating, as High demand supports startups and SMEs. Yet, this approach raises questions about merit and fairness. Like in today's IPO (Eleganz Interiors) with a GMP of 5%, individual subscriptions were only 10x, prompting me to apply after thorough fundamental analysis. The company showed strong YoY revenue and PAT growth and traded at a PE 4 times lower than its peers. Had the GMP been 50%, individual demand would have surged to 250x, making IPO profit seem more a game of chance than skill. As a CA, it’s frustrating to see informed analysts competing with uninformed street vendors , shopkeepers, Any Non finance guy Goats out there. What’s your take on this?
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