2 Showrooms & 8 Employees: How Resourceful Automobile Became A Viral SME IPO

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The intial public offering (IPO) of Resourceful Automobile operating under the brand name "Sawhney Automobile" has been subscribed 418.27 times on day 3 so far. Resourceful Automobile Limited launched its Initial Public Offering on Thursday and will remain available for subscription until August 26. The IPO is a fixed price issue totalling Rs. 11.99 crore, comprising a fresh issue of 10.25 lakh shares. The shares are priced at Rs. 117 each. The SME IPO was subscribed 10.35 times on Day 1 and 74.13 times on Day 2.

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No doubt to say stampede is going on in the SME IPO market... the retail investors need to be educated about stock markets particularly on SME IPO.. channels like NDTV profit should air programs educating retail investors about IPOs.

AjaykumarKodam
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Is sebi is alive or Indian market is run by stupids organisation

purvanchaltraders