What is most concerning about India's upcoming flood of initial public offerings (IPOs) next week?

The Indian stock market is expected to witness a surge in IPO activity with 16 fresh listings scheduled for Dalal Street over the next few days. This brings the total number of IPOs issued in the current calendar year so far up to nearly Rs 87,900 crore. However, concerns about t

• Option 1: Floodwaters will engulf many small-cap firms
• Option 2: Many companies lack strong corporate governance leading to increased risk