Sunil Singhania believes 75% of IPOs will fail. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

At a time when Indian primary markets are buzzing with an influx with new public offerings, market veteran Sunil Singhania has issued a stark warning to investors as he believes 75% of recently-listed IPOs will trade below their listing price in the next six months.

While acknowledging that "IPOs are essential in an evolving economy", Singhania warned that investors must seek out caution and look at many factors carefully before investing in an issue.

"One has to be very, very careful. My view is that around 75% of the companies coming out with IPOs will trade below their issue price in the next six months," Sunil Singhania, founder of Abakkus Asset Manage

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