IPO

The stock market is excited about the first IPO of a resourceful automobile. IPO is a process where the shares of private companies are listed on the stock exchange to make the shares available to the public. As soon as Resourceful Automobile's IPO was announced, there was a flurry of applications to buy the company's shares. Due to this strong enthusiasm of investors, applications were received 200 times as compared to the total of 10.25 lakh shares on August 26. Resourceful Automobile's initial IPO is 10.5 lakh, according to BSE data on Monday. Each share is priced at Rs. 117.…