Small Delhi-based bike dealership Resourceful Automobile attracted bids worth Rs 4,800 crore for its Rs 12 crore IPO. Operating as 'Sawhney Automobiles,' it planned to raise Rs 11.99 crore by offering 10.2 lakh shares. Despite risks, the IPO managed by Swastika Investmart saw a 398 times subscription, exceeding all projections.from Auto News: Upcoming Cars and Bikes, New Launches, Price and Reviews | Times of India https://ift.tt/LNJny6s
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