Rosmerta Digital Services SME IPO, to be the largest in India, has been postponed

Automotive digital services and distribution services provider Rosmerta Digital Services' planned initial public offering (IPO) was postponed on Thursday due to some investor complaints. The IPO, which is planned to be the largest in the country in the SME category, was originally scheduled to be launched on Monday, November 18. Now, the Rosmerta Digital Services SME IPO will not enter the market on that day. The company said it decided to hold the IPO in view of adverse market conditions. The mega SME IPO is estimated to raise Rs 206 crore for the company. The development comes at a time when investors are filing complaints about the company. It has been a very good year for Dalal Street in terms of basic market offerings. As of November 14, as many as 132 IPOs have been launched on the BSE in 2024 so far, including 60 in the SME category. Out of a total of 132 companies entering the secondary market, 113 made gains from being listed with investors. 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