investment strategy: Steer clear of IPOs that closed in the last 6 months: Ajay Srivastava
Ajay Srivastava, CEO, Dimensions Corporate, says the dumbest deal went through in this country with fund managers buying a car company share, which has taken out Rs 28,000 crore as dividend from this country and that is equal to 15 years of profit. It is ridiculous. Total capitalisation of the company is Rs 6,000 crore fixed assets. But they have got a valuation of Rs 1.5 lakh crore!
From the last month to now, we have had a slew of IPOs including some heavy duty ones. Quite Were you a subscriber in any or bought them on the first day?
Ajay Srivastava: I was not a subscriber to any IPO in the last 30 days or 60 days to be fairly pointed. And it is amazing. The dumbest deal went through in this country and all the mutual fund managers…
From the last month to now, we have had a slew of IPOs including some heavy duty ones. Quite Were you a subscriber in any or bought them on the first day?
Ajay Srivastava: I was not a subscriber to any IPO in the last 30 days or 60 days to be fairly pointed. And it is amazing. The dumbest deal went through in this country and all the mutual fund managers…
