This is not what I am saying but billionaire investor Kenneth Fisher says.

Commenting on the price that KKR expects to sell Dollar General and expects to value the company at a higher level than Walmart, these were the exact words. “IPO means, ‘It’s probably overpriced,’” said billionaire investor Kenneth Fisher, who oversees $35 billion as chairman of Woodside, California-based Fisher Investments Inc. “IPOs have never been done for the benefit of the purchaser. IPOs are done for the benefit of the company by definition. So the history of IPOs is very clear that they’re money losing activities.”

Without mincing words I believe this is more than fair a comment for Indian IPO’s as well. If one were to look at the recent issues which started sometime in June-July of this year, investors have lost money in more issues than not lost. Very clearly the odds are against investing and if this trend continues things could worsen going forward. One only hopes that good sense prevails on the Promoters and their Investment Bankers.

In such a scenario it probably makes more sense to not apply than apply in these expensive issues.