Usually the mainstream media does not cover the SME IPO.
Though the IPO of resourceful automobile was only for Rs 12 crores, it received bids of more than Rs 4800 crores according to reports in the mainstream media.
The reason why the IPO got a lot of media coverage is because it is fairly small company, having only two yamaha showrooms in Delhi and eight employees.
This is clearly indication that investors are investing a large amount of money in the stock market, due to which banks are finding it difficult to get fixed deposits.
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