The Indian markets are once again witnessing a surge in Initial Public Offerings (IPOs), particularly in the SME segment, with the BSE SME IPO Index soaring by over 5,000% since 2021. But beneath this rally lies a growing storm of fraud, deception, and regulatory blind spots that could wipe out unsuspecting retail investors.
In this in-depth analysis, veteran journalist Sucheta Dalal unpacks the disturbing pattern of IPO abuse, collusion by merchant bankers, and shockingly blatant diversion of funds by newly listed companies. From Synoptics Technologies to Varyaa Creations and Trafiksol ITS, the list of dubious SME IPOs is growing — with SEBI scrambling to catch up.
With 8 out of 10 investors entering the market post-2021, there’s an entire generation with no memory of the IPO scams of the 1990s. Back then, it ended in a spectacular bust. Will history repeat itself?
Sucheta Dalal makes a powerful case for investor vigilance: “Caveat Emptor – Buyer Beware” must be your mantra in today’s overheated IPO market.
Hosted on Acast. See acast.com/privacy for more information.