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2024

Jaspal Bhatti's PP Waterballs golgappa video meme gets viral as Delhi bike dealer's Rs 12 crore IPO gets Rs 5,000 crore subscriptions

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Resourceful Automobile's Rs 12-crore IPO shocked Dalal Street by being oversubscribed nearly 400 times. The Delhi-based two-wheeler dealership saw retail investors driving the demand, with their segment reaching 500 times subscription. The hefty interest in the small medium enterprise IPO surpassed the expectations of its merchant banker, causing industry-wide astonishment.