The shark tank of India's stock market: Who will win? (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Quant Mutual Fund's Sandeep Tandon has equated the ongoing IPO fervour in primary markets to 'stupidity', arguing that global investors would scoff at the valuations some of the new issues are getting subscribed for. The comments came just days before Lenskart's much-awaited issue opens for subscription and amid concerns over its valuations.

In hindsight, though, the IPO frenzy in primary markets could also be an indicator of India's growing appetite for new-age businesses, a sector that is now increasingly being defined by some of the market's most recognisable faces: The Shark Tank judges.

Let's talk about Exhibit A: Peyush Bansal's Lenskart, which

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