This trend of SME IPOs getting oversubscribed is still going on and a lot of new investors are getting attracted to it. It seems very scary in a way. A company that came to raise 14crs has got about 350crs another company which had an ask of 14crs has garnered 640crs. There are a lot more SME IPOs upcoming this fiscal year as well.
There are a lot of people pooling money to invest in these IPOs and trying their luck on listing gains.
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