Prominent fund manager Samir Arora has ignited a fresh debate on fairness in India’s booming IPO market, calling for regulatory intervention after allegations of skewed institutional allotments in recent public issues.
Taking to X, the Helios Capital founder criticized the existing allotment framework, arguing that high-demand IPO shares often go to a privileged few rather than being distributed on merit. Arora wrote that regulators “must intervene” to ensure that allocations—particularly in oversubscribed issues—are not treated as “gifts” handed to select large funds by brokers and investment banking intermediaries.
His remark comes on the heels of the Meesho IPO controversy, where several foreign and domestic institutions reportedly withdrew from the anchor book, contending that the distribution favoured SBI Funds Management despite multiple investors placing comparable bids. The episode has fuelled questions about whether discretionary anchor allotments are inadvertently tilting the playing field.
-
India's GDP to grow 6.7 pc to 7 pc through 2027, Global growth at 3.2 pc
-
Rachel Reeves has told her biggest whopper yet - how can she be so utterly deluded?
-
If your salary is ₹25,000, avoid SIPs or FDs; investing in these will bring in a bountiful return.
-
Backward Classes panel recommends removing 35 groups, mostly Muslim, from Bengal central OBC list
-
Unfortunate that people who haven't achieved much are deciding Rohit-Kohli's future: Harbhajan Singh
