How IPO Reforms Created a New Kind of Investor Euphoria

How IPO reforms created a new kind of investor euphoria

India’s IPO reforms deepened the market—but also fuelled a culture of short-term bets, overpricing, and unrealistic expectations. It’s time for a fairer, more transparent ecosystem.

India’s IPO Surge Driven by Tax Arbitrage, Says Zerodha Co-founder Nithin Kamath - PUNE PULSE

Kamath explains how India’s tax structure favours capital gains over dividends, incentivising startups to prioritise growth and exits through IPOs rather than profitability. Zerodha co-founder Nithin Kamath on Monday offered a thought-provoking analysis of India’s booming IPO market, suggesting that the country’s tax system may be a hidden driver behind the current trend of growth-over-profitability