Quote on SME IPO trend by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

2024-08-29 02:14:24 pm | Source: Geojit Financial Services Ltd

Quote on SME IPO trend by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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Below the Quote on SME IPO trend by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

"SMEs, who contribute substantially to India’s GDP and employment generation, getting access to the capital market is a positive and desirable development. This has to be encouraged. But recent developments indicate excesses. IPOs of SMEs without any track record and sound financials are getting oversubscribed many times, driven by retail investors chasing listing gains. These are excesses that need to be checked. Experience tells us that speculative excesses lead to tears."

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Quote on SME IPO trend by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services

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