Such an IPO came in the stock market, Jaspal Bhatti’s video went viral

An IPO is being discussed rapidly on social media. The reason is the speed of a new IPO which surprised everyone. Actually, Resourceful Automobile, a small company running only two bike showrooms, had presented an IPO of ₹ 12 crore. But the surprising thing is that it received bids of Rs 4800 crore.

The reason for the way people have rushed to the IPO is not clear. There is a lot of discussion on social media as to what was so special about this IPO that it got subscribed 400 times. Amidst these discussions and questions, someone remembered an episode of Jaspal Bhatti’s show ‘Full Tension’ and posted it on the social media platform X. This clip of Jaspal Bhatti’s episode of ‘Full Tension’ is viral.

Let us know what is in this video.

In the video, Jaspal Bhatti has come to a golgappa vendor with his friend. He is ordering golgappas. In the course of the conversation, he talks to him about expanding his business. Also, he advises the golgappa vendor to bring an IPO for his golgappa shop. In an episode of Jaspal Bhatti’s show, the IPO process was satirized, in which a golgappa vendor launches the company’s IPO and then makes huge profits by increasing the share price. This clip has now become the center of discussion on social media.

Watch the video…

Actually, if you don’t know Jaspal Bhatti, then Jaspal Bhatti was a famous actor and comedian in the 90s. His shows like ‘Ulta Pulta’ and ‘Flop Show’ gained a lot of popularity. Actually, his style of comedy shows was different, he always raised issues that were related to the current state of society and presented them in a light-hearted manner.

Such craze about IPO

Such craze for IPO has rarely been seen before, as has been seen for the issue of Resourceful Automobile Company. Let us tell you, this company operates two bike showrooms in Delhi and only 8 employees work in it. To raise money from the market, this company had presented its IPO on 22 August, in which investors had invested till 26 August. But there was a race to invest money in this IPO.

Resourceful Automobile IPO Size was Rs 11.99 crore, but it was oversubscribed 418 times till the last day. The company received bids worth Rs 4768.88 crore. Of these, Rs 2825.11 crore was in the retail category, while bids worth Rs 1796.85 crore were in other categories.