“Outrage like a casino IPO may be a metaphor, but I don’t want to comment on it,” said Vijay Shekhar Sharma, Paytm’s medical officer and Mahindra Group CEO, Anand Mahindra. – Help restore the pursuit of true value as it builds enthusiasm for IPO listings. Mahindra’s tweet came today, a week after the digital payments company completed its biggest initial public offering (IPO) in the country after Paytm shares fell 28% on a weak debut. ..
“My thoughts are with the individual IPO investors who must be upset, but I’m sure Paytm will find the right level,” Mahindra added in a tweet.
As IPO enthusiasts continued this year, comments came from billionaire businessmen as Indians saw gambling as casino IPOs as an immediate opportunity to get rich.