2 Yamaha showrooms, 8 employees, ₹2,700 crore in bids: Resourceful Automobile’s SME IPO has internet amused

Resourceful Automobile’s SME IPO set social media ablaze on Monday, sparking a wave of investor interest despite its modest scale. “Resourceful Automobile SME IPO is crazy. 2 Yamaha dealerships, 8 employees. Asked for ₹12 crore, got ₹2,700 crore. Is no one questioning the value of 2 showrooms and 8 employees?” wrote one user on X, summing up the frenzy.

By 7 pm, the IPO had nearly 400…