Despite successful market debuts, the CIO of Bajaj Finserv AMC remains wary of IPOs.

Even though the market is witnessing a surge of excellent firms coming public, Nimesh Chandan, CIO of Bajaj Finserv AMC, described a cautious and extremely selective strategy to investing in initial public offerings (IPOs). According to Chandan, the fund company follows a prudential mentality, particularly with regard to valuations, even if several new listings, such Lenskart Solutions and Pine Labs, are trading above their issue price. The management emphasized, "We are very, very selective," and disclosed that the company has taken part in the initial public offerings (IPOs) of Rubicon Research, a pharmaceutical company, and Billionbrains Garage Ventures (Groww).