India’s first pure-play AI IPO comes at a 26% discount. But behind the 70x multiple lie sticky global clients, volatile margins, and a founder-led model where one misstep could change the story. Is scarcity enough?
SIF rollout narrows to equity and hybrid plays, complex strategies stay off the table
Since the product’s launch in April last year, every SIF that has come to market has fallen into just three of the seven strategies permitted by the regulator—equity long-short, equity…

