Boss Packaging Solutions, a small Ahmedabad-based firm, has seen a staggering 135x subscription for its SME IPO.
The company, with just 64 employees and operating out of a modest office, raised over Rs 1,073 crore in bids against an issue size of just Rs 8 crore. Despite flat profits and rising debt, investor enthusiasm remains high, driven by social media hype. The BSE SME IPO index has surged 136% this year, reflecting strong investor appetite for these high-risk offerings.