Helios Capital’s Samir Arora challenges mutual funds’ IPO investment strategies, urging due diligence beyond just valuation. He highlights Helios’ selective anchor investments in four IPOs this year, all showing positive post-listing performance. This comes amid ongoing debates on tech IPO valuations, with Lenskart’s lukewarm debut and insights from Nithin Kamath and Ashneer Grover adding to the discussion.