'People blindly punting,' Kamath warns about unlisted market hype
Nithin Kamath warned about the unlisted market hype, saying he is hearing "some phenomenally stupid stories". "People are blindly punting on so-called 'pre-IPO' companies, hoping they'll make bigger gains than during the actual IPO," he said. "Greed is causing people to ignore some hard realities. These shares...come with 100-500% markups, ridiculous commissions and terrible pricing," he added.