CosmicTaco
CosmicTaco

Boss Packaging SME IPO: 64 employees, one dilapidated office and 135x subscription!

  • Retail investors are diving headfirst into Boss Packaging's IPO despite SEBI's warnings on manipulation in SME IPOs.
  • The company, with just 64 employees and a shabby office, saw a staggering 135x subscription for its Rs 8 crore issue.
  • Boss Packaging's financials are flat, with net debt rising 82 percent to Rs 3.06 crore in 2023.
  • The BSE SME IPO index has surged 136 percent this year, driven by social media buzz and paid influencer promos.
  • Market experts are divided, with some championing the SME platform and others warning of potential manipulation.

Source: Moneycontrol

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4mo ago
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