This interview was published on Barron’s and can be viewed here.
India’s IPO boom is surging as retail investors pour billions into small- and mid-cap funds, sending new-economy listings like PhysicsWallah and Groww sharply higher. Strong digital infrastructure and early-stage e-commerce growth are driving momentum, though investors like Aubrey’s Rob Brewis remain cautious on unprofitable names. Despite the frenzy, India’s large-cap quality stocks now trade at their cheapest valuations in a decade.