Resourceful Automobile Limited IPO With Two Showrooms 8 Employees Gets Oversubscribed Nearly 400 Times; Netizens Recall Jaspal Bhatti's Famous PP Waterballs Video

Resourceful Automobile, a Delhi-based two-wheeler dealership, has seen its Initial Public Offering (IPO) oversubscribed by an astonishing 400 times. The dealership, which operates with just two showrooms and a team of eight employees, initially set out to raise Rs 12 crore. However, it attracted bids worth approximately Rs 4,800 crore. The unexpected success of this small-scale dealership's IPO has left many netizens both amazed and amused, sparking a wave of online commentary. Social media users quickly drew comparisons to the late comedian Jaspal Bhatti's famous satire on exaggerated business ventures, particularly his "PP Waterballs" video. In the video, Bhatti humorously portrays the absurdity of overhyped products and businesses, which many netizens found relevant. SEBI Sends Show-Cause Notices to Paytm CEO Vijay Shekhar Sharma and Board Members of One 97 Communications Ltd Over IPO Irregularities.

Resourceful Automobile Limited IPO With Two Showrooms 8 Employees Gets Oversubscribed Nearly 400 Times 

Netizens Drew Comparisons Jaspal Bhatti’s Famous ‘PP Waterballs’ Video

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