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]()
