IPO Mania: India’s favourite lottery - Everyone wants the jackpot; few realise the house always wins

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India's IPO market has seen a surge in applications, driven by the allure of listing gains rather than long-term investment. Despite the frenzy, over half of IPOs offer minimal gains, with successful allotments resembling a lottery. This pursuit of quick profits has become a national obsession, rewarding randomness over reasoned analysis.

from Times of India https://ift.tt/mSs4QfL