Tag: IPO oversubscribed

Resourceful Automobile Ltd.'s IPO oversubscribed by 400 times, raising $1.4 million to repay debt and expand. Indian IPO market remains overheated.
Posted in Business

Resourceful Automobile’s $1.4 million IPO overbought 400 times. Why it’s absurd?

 August 27, 2024  Leave a Comment on Resourceful Automobile’s $1.4 million IPO overbought 400 times. Why it’s absurd?

Aug 27, 2024 02:27 PM IST Resourceful Automobile Ltd. is seeking to raise 120 million rupees ($1.4 million), which it plans to use to repay…

Continue Reading