SME IPO frenzy stuns Radhika Gupta, calls it sin of bull market

Investment excitement around SME IPOs has startled many, including Radhika Gupta of Edelweiss Mutual Fund. Highlighting a recent IPO by Resourceful Automobile, which was subscribed nearly 400 times, Gupta warned investors to exercise caution. Resourceful Automobile plans to use the capital to expand operations and repay debt.