As the IPO boom has progressed, the pricing of non-tech issues has consistently been more reasonable
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For Indian businesses, raising money from the market has never been easier. It has also never been easier to be greedy.
A large number of issues have seen bids far in excess of the shares on offer, and since March, no company has received bids less than the shares on offer.
But the Paytm IPO debacle pointed to an important time-tested truth in the investing business. ‘What you buy is important, what price you buy it at is more important’. For businesses owners, this means that how they price their issue is important for its success.