Why putting money into an IPO is a bad idea | “A negotiated deal, not a lottery!”

Updated: 16 Dec 2025, 21:57 IST
Deepti Bhaskaran, Sana Marwah

In this podcast, we talk to Dhirendra Kumar, founder of Value Research, who makes a compelling case for why investing in IPOs might not be a great idea for retail investors. First, he says, it’s like funding an experiment — and you don’t know which way it’s going to go. Second, it is the promoters who decide when and at what price. Third – well, watch to find out!