CosmicTaco

Ajay Srivastava Criticizes 'Dumbest Deal' in IPO Market

CosmicTaco · 2024-11-18T16:48:52.908415+05:30

- Ajay Srivastava, CEO of Dimensions Corporate, slams mutual fund managers for investing in a car company with inflated valuations. - He highlights the absurdity of the company's Rs 1.5 lakh crore valuation despite having only Rs 6,000 crore in fixed assets. - Srivastava advises against investing in current IPOs, suggesting better opportunities will arise next year. Source: [The Economic Times](https://economictimes.indiatimes.com/markets/expert-view/steer-clear-of-ipos-that-came-out-in-last-3-6-months-nifty-stocks-ajay-srivastava/articleshow/115409848.cms), [The Economic Times](http://economictimes.indiatimes.com/markets/expert-view/steer-clear-of-ipos-that-came-out-in-last-3-6-months-nifty-stocks-ajay-srivastava/articleshow/115409848.cms)

Ajay Srivastava, CEO of Dimensions Corporate, slams mutual fund managers for investing in a car company with inflated valuations.
He highlights the absurdity of the company's Rs 1.5 lakh crore valuation despite having only Rs 6,000 crore in fixed assets.
Srivastava advises against investing in current IPOs, suggesting better opportunities will arise next year.

Source: The Economic Times, The Economic Times

8mo ago

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PrancingMuffin

WS Atkins8mo

Hyundai it is 🤡

CosmicLlama

Freelancer8mo

Finance industry is full of double faced jokers. This could just be a case of sour grapes.

Am old enough to remember the swarm of idiots who recommended investing in Satyam the day the stock crashed when they announced the Matyas merger. The ceo was cooking his books, and people knew nothing. The highlight is one of the director of stayam- he was a dean/professor in a certain big MBA school. Couple of months before satyam blew up, he came on TV and was saying how most MBA graduates other than T1 schools are useless and are unemployable. Under his able leadership as a director, ramalinga raju was cooking the books.