What Is SME IPO All About? What’s Behind This SME IPO Which Attracted 40,000% Over-Subscription?

Many SME IPOs come and go, but this particular IPO has captured everyone’s attention. A very small company, with just two motorcycle showrooms in Delhi… with just 8 employees… managed to attract 4,800 crore rupees in IPO funds. We are today talking of Resourceful Automobiles – whose IPO opened on August 22 and closed on August 26. The company was looking at raising just 12 crore rupees……