@Swapnja_Sharmaa What’s more - it’s supposedly the absolute epitome of what we call “successful” people - making decisions impacting millions of people
How the comman man is made a scapegoat in Lenskart IPO
1. People like Peyush Bansal have no conscience left. By pricing IPO at a P/E of 235, he’s snatching atleast 4 times more the right value by labelling a spectacles company as a tech company
2. Even if individual retail investors stay away, their investment in mutual funds is going to bid for it. Sachin Tendulkar will come in an ad and tell Mutual Funds Sahi Hai. Mutual Funds are obviously subject to market risk, but subscribing to #LenskartIPO isn’t market risk. It’s a crime. And many fund managers would be paid handsomely separately for staking public money into this IPO
3. Market regulators like SEBI - who by the way gave clean chit to Adani - are never there to protect public’s money. For a few bucks, everyone looks the other way.
4. Eventually everyone who invests in Lenskart will lose money. But most will be not visible. Your mutual fund could have returned you with 30% returns for the year. But it will only return you 20%. You will still be glad and say Mutual Funds Sahi hai. But your money has gone into pockets of Bansal & Co.
5. Media folks like @blitzkreigm have actually done a great job in questioning @peyushbansal and exposing his hypocrisy. But they can only do so much. Soon paid PR posts will float which will justify the IPO pricing. And gullible investors will lap it up.
There needs to be more governance. More regulation. If a share tanked more than 50% within first year of listing, the fund managers, the promoters, etc should be investigated and acted against. But alas. In a country that can’t control pharma makers who sell cough syrups and kill children, how can an investor get any protection whatsoever!
The roads are full of potholes. The times are dark and dull. And Lenskart wants you to lose your vision, literally.