IPO frenzy turning murky amid lack of transparency, says market veteran Sandip Sabharwal

November 8, 2025

Veteran investor Sandip Sabharwal has cautioned that India’s ongoing IPO frenzy may be masking deeper concerns about transparency and earnings quality. He highlighted a pattern of companies turning profitable only before their listings, adding that heavy promoter selling and institutional interest are overheating the primary market while keeping secondary sentiment subdued.

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