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Is India’s IPO market overheating? Veteran investor Ramesh Damani thinks so
- Damani expressed concerns that high valuations sought by Korean companies could stretch the market further.
- The upcoming Hyundai Motor India IPO, poised to be India’s largest ever at $3 billion, exemplifies this trend.
- Damani also observed that valuations in the mid and small-cap sectors have become 'stretched'.
September 26, 2024