IPO Mania: India’s favourite lottery – Everyone wants the jackpot; few realise the house always wins
Are investors lining up out of long-term interest? Not at all. The game is played for listing gains. (AI image) By Ashish MenonApplying for IPOs has quietly become a national pastime. Every few weeks, millions of investors line up online, hoping for that one lucky allotment. The attraction isn’t ownership, growth, or dividends. It’s the…