A Rs 12 crore IPO sparked a Rs 2,700 crore frenzy last year. Now, the stock is down 50%
Last year sometime in August, the IPO of an SME, Resourceful Automobile, created a storm on social media after getting a subscription of over 400 times. However, strong subscription was not alone the bone of contention as many SMEs would usually see a large investor interest due to their quick return potential. The issue was…