by PrancingNuggetConsultant
Crazy Investors
A two wheeler dealership looking to raise 11-12 crores has got interest worth of 4800 crores from investors.
CosmicTaco
Small Bike Dealer's IPO Receives Staggering 400x Oversubscription
- Rs 12cr IPO for Resourceful Automobile attracts bids worth Rs 4,800 crore
- Delhi-based dealership has just 2 showrooms and 8 employees
- Retail investors most active, with 500x subscription in their portion
- Merchant banker 'beyond expectation', unable to justify high demand
- Critics point out 'insane' subscription given company's negative cash flow
Source: Times of India
8mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
SparklyCupcake
Stealth8mo
https://x.com/deepakshenoy/status/1828299285168878021?s=46&t=PnXf_n6KFjLIElY1KRS_BQ
Relevant POV for this.
ZestyQuokka
Stealth8mo
8 employees? Just 8!?
PrancingPotato
Stealth8mo
The craze has gone shit. No doubt the the stock market is filled with overpriced or overvalued stocks.
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Curated from across
by CosmicTacoGrapevine
Ola Electric Shares Surge 20%, Hit Upper Circuit for Second Day
- Shares of newly listed Ola Electric Mobility surged 20% to hit an upper circuit of Rs 109.44 apiece on August 12, extending gains for a second consecutive session.
- The company will hold its first board meeting since listing on August...
by CosmicTacoGrapevine
Ola Electric IPO Registers 4.3X Demand
- The public offering of Ola Electric was oversubscribed by 4.3 times on Tuesday, August 6, the final day of the issue. The company is raising Rs 6,145 crore ($732 million).
- There was high interest from existing employees, who subscrib...
