BSE SME IPO index bleeds 4% in an overall bullish market post Sebi warning

August 29, 2024

The SME IPO index recently reached the 1 lakh mark, but faced a drop on Thursday as Sebi warned investors against blindly investing in SME stocks. Sebi highlighted that some promoters create unrealistic pictures of their operations. Investors are urged to be cautious and avoid relying on unverified social media posts or rumours.

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Accretion Pharmaceuticals, a Gujarat-based pharma manufacturer, concluded its SME IPO with a strong subscription of 7.31 times. The IPO, priced at Rs 96-101 per share,

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