What Is The SME IPO Frenzy All About? | Resourceful Automobile IPO

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Resourceful Automobile see blockbuster IPO demand. SME IPO: Gets bids worth rupees 4,800 crore, IPO Subscribed 418x. Resourceful Automobile operates 2 Yamaha showrooms in Delhi, has 8 employees, operates under Sawhney Automobiles brand name. Resourceful Automobile Financials: Revenue is rupees 17.2 crore, Profit after tax is rupees 1.52 crore.

#smeipo #automobile #ipo
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Why do sebi even allowed them to file for ipo?

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