The planned initial public offering (IPO) of digital solutions and automotive distribution services provider Rosmerta Digital Services was postponed on Thursday due to some investor complaints. The IPO, expected to be the largest ever in the SME segment in the country, was initially scheduled to launch on Monday, November 18. Now Rosmerta Digital Services IPO for SMEs will not hit the market on this day.
The company said it decided to proceed with the IPO given poor market conditions. A major IPO of an SME is estimated to fetch up to Rs 206 crore for the company.
The development comes as investors file complaints against the company.
It has been a bumper year for Dalal Street in terms of offerings in the primary market.
As of November 14, as many as 132 IPOs have been launched on the BSE in 2024, including 60 in the SME segment.
Out of a total of 132 companies entering the secondary market, 113 achieved listing gains for investors.
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