Veteran investor Shankar Sharma says India's IPO market is the 'dumbest in the history of IPO markets, driven by 'dumb money' from retail investors. (Photo: Shankar Sharma/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Veteran investor Shankar Sharma, Founder of GQuant Investech, minced no words while talking about the Initial Public Offering (IPO) market, labelling India's IPO market as the "dumbest in the history of IPO markets", driven by "dumb money" from retail investors.

His comments came as eyewear retailer Lenskart Solutions garnered a blockbuster response for its upcoming IPO, receiving bids of around Rs 68,000 crore from its anchor investors on Thursday. The anchor book saw participation from around 70 marquee investors.

Speaking to NDTV Profit, S

See Full Page