Quant's Sandeep Tandon believes stupidity is driving India's IPO frenzy. (Photo source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Amid growing chatter over the valuation of Lenskart and other fresh IPOs this year, Quant Mutual Fund's founder and CIO, Sandeep Tandon, has given a stark warning about the ongoing fervour over IPOs.

Tandon pointed out that 'stupidity' is driving Indian investors to pay unreal valuations for companies that international markets wouldn't otherwise approve.

“If US is not willing to pay these companies this sort of valuation, then why should I pay in India? Look at Korea, they would love to get listed in India as we seem to be more than willing to pay a premium. This is stupidity on our part that we are giving these companies s

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