Moneycontrol
Masterclass Ideas For A New India

Internet IPOs: What should retail investors do?

30 July, Friday 06:00 pm

Meet Our Speakers

K Ganesh

K Ganesh

Founder, GrowthStory

Ganesh is a serial entrepreneur with four successful greenfield ventures and exits. He currently runs GrowthStory.in, a leading venture builder platform that promotes and incubates new ventures. Over the years, GrowthStory has promoted leading companies like Bigbasket, Portea Medical and FreshMenu. Ganesh's last venture, TutorVista, was acquired by US and UK listed education leader Pearson for $213 million. Ganesh has also been the founder of Marketics, CustomerAsset and IT&T. During the first wave of the Covid pandemic in 2020, Ganesh co-founded a social initiative to feed migrant workers and served 45 lakh meals across five cities under the FeedMyBangalore and FeedMycity banner.

Nilesh Shah

Nilesh Shah

MD, Kotak Mahindra Asset Management Company Ltd

Nilesh Shah is Group President and Managing Director of Kotak Mahindra Asset Management Company Limited. An expert in mutual funds, Nilesh was previously the MD and Chief Executive of Axis Capital. Over the past three decades, he has served in senior roles at ICICI Prudential and Franklin Templeton. Nilesh is Chairman of Association of Mutual Fund in India (AMFI), Member of Mutual Fund Advisory Committee (MFAC) and a part time member of the Economic Advisory Council to the Prime Minister. He was featured among Top 50 People of India by India Today magazine in 2020.

Shankar Sharma

Shankar Sharma

Vice Chairman and Joint MD, First Global

Shankar is the founder of First Global, one of the most reputed asset management companies in India. An alumnus of the Asian Institute of Management at Manila, Sharma initially worked with Citibank before founding First Global in 1990. First Global's research depth and ability to discern trends ahead of the street, have helped it gain tremendous following among institutional investors worldwide. Over the past 3 decades Shankar has earned the moniker 'The Alchemist of Dalal Street', coined by Forbes magazine, for his astute market forecasts. He has been widely quoted on CNBC, Wall Street Journal, Financial Times and has featured on several TV shows.

Lalit Keshre

Lalit Keshre

Co-founder and CEO, Groww

Lalit is the CEO of Groww, an online investment platform that allows investors to invest in mutual funds and stocks. Lalit looks after all the aspects of the business, predominantly the product and customer experience at Groww. Earlier, he had served in a senior product management role at Flipkart, where he launched and led Flipkart Quick and helped launch Flipkart Marketplace. An alumnus of IIT Bombay, Lalit has also been the founder of an online learning company called Eduflix, and an early team member at Ittiam Systems.

What To Expect

Welcome to the 12th episode of Moneycontrol Masterclass, an offering from India's leading financial news platform, focussed on helping readers and viewers understand events and topics that really matter to them.

For Indian investors, the listing and wealth creation by Infosys was a seminal moment. Something similar happened on July 23rd, when Zomato became the first unicorn to list on Indian stock exchanges, ending a long drought for investors who have been waiting for large Internet companies to go public. It has already crossed Rs 1 lakh crore in value, and is now among the top 50 companies in India in terms of market capitalisation.

Its success has made other unicorns and Internet companies hopeful and as a result, a slew companies are now planning an India listing over the next six months- from Paytm to Mobikwik to Policybazaar to Nykaa to Delhivery.

Has the retail investor in India come of age?
Is this being driven by millenials entering the market?
Are they willing to back a disruptive business model even though it may be loss-making?
Is this proof that India can support such listings?
Has this given opportunity for domestic investors to participate in wealth creation?
Can new-age companies deliver strong post-listing returns if priced well?
Should retail investors take a big bite or stay away?

These are some of the questions we will be discussing with an ace panel consisting of Nilesh Shah, MD, Kotak Mahindra AMC; Shankar Sharma, Vice Chairman and Joint MD, First Global; Lalit Keshre, co-founder and CEO, Groww and K Ganesh, Founder, GrowthStory.

Don't miss this Moneycontrol Masterclass on the big shifts driving the Indian capital markets. Join us live and ask your questions on July 30th, 2021 at 6 pm.

Show more +

Your Views Matter

Your Views Matter