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Podcast: Moneylife News Bites
Episode: IPO Mania is Back! But You Have been Warned
Description: The Indian markets are once again witnessing a surge in Initial Public Offerings (IPOs), particularly in the SME segment, with the BSE SME IPO Index soaring by over 5,000% since 2021. But beneath this rally lies a growing storm of fraud, deception, and regulatory blind spots that could wipe out unsuspecting retail investors.In this in-depth analysis, veteran journalist Sucheta Dalal unpacks the disturbing pattern of IPO abuse, collusion by merchant bankers, and shockingly blatant diversion of funds by newly listed companies. From Synoptics Technologies to Varyaa Creations and Trafiksol ITS, the list of dubious SME IPOs is...