Frenzy Ride! This Rs 12-crore SME IPO receives investor bids worth Rs 4,700 cr

Resourceful Automobile's IPO saw overwhelming demand, receiving bids worth ₹4,700 crore for a ₹12-crore issue. The New Delhi-based company, which runs Yamaha showrooms, aims to expand operations, repay debt, and meet working capital needs with the raised funds. The SME issue will list on the BSE SME platform on August 29.