From CSK to HDB Financial Services: Nithin Kamath warns against hype in unlisted share market

Zerodhas Nithin Kamath has warned retail investors about the risks of investing in unlisted shares, citing steep markups, poor price discovery, and lack of liquidity. Highlighting cases like HDB Financials IPO pricing shock, Kamath and Zerodhas Bhuvan urge caution, noting SEBIs warnings against unregulated platforms and advising investors to stick to regulated options like mutual funds and listed equities.