Resourceful Automobile: An SME with 2 Yamaha showrooms gets 400x IPO demand, leaves internet baffled
The SME IPO of Resourceful Automobile has received extremely strong response from investors, with an overall subscription of nearly 400 times at close today, a trend seen with SME issues this year. For a Rs 12 crore IPO, the subscription bids have come at Rs 2,700 crore. And the company has just two Yamaha dealership …