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- Warren Buffet But such wisdom holds no merit for the new-age equity investors, who are in a hurry to make their first million. India’s IPO mart has been delivering solid returns of late, with some issues doubling investors’ money in debut trade. But even that’s not enough for the young and the restless, who are rushing to the unofficial market for unlisted shares to try and buy shares of the companies that are in the queue to float their primary issues. The idea is to catch potential multibaggers early at cheaper valuations. However, that’s not a smooth ride. The pre-IPO market is already overheated, and many of the listing-bound candidates have already turned multibaggers, trading at mercurial valuations.

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