Because where there’s a ₹10 face value, there’s a ₹500 trap.
EduInvesting rips apart the SME IPO fever with numbers, drama, and fraud patterns even SEBI won’t say out loud.
🎬 Scene 1: The ₹100 Stock That Becomes ₹800… Then ₹8
It starts with a whisper:
“New IPO coming. Just ₹10/share. Small company. 200% listing gain confirmed.”
And then the charts do what your salary doesn’t — skyrocket.
But within 30 days, it’s:
- Down 70%
- No buyers
- Suspended from trade
- Promoters gone silent
Welcome to India’s SME IPO Bazaar, where everything is bullish until liquidity dies.
🧾 What Even Is an SME IPO?
SME = Small and Medium Enterprises
They list on NSE Emerge or BSE SME platforms.
✅ Low capital requirement
✅ Fewer regulatory hurdles
✅ Can be listed with ₹1.5–2 crore profit track record
✅ Mostly subscribed by retailers and shady operators
Sounds great, until you realize:
- Liquidity is trash
- Governance is often a joke
- Share price is operator-driven
🚨 Why EduInvesting Calls It a Legal Ponzi
| Feature | Reality |
|---|---|
| IPO Promoters | Often shell companies or real estate traders |
| Business Model | Copy-pasted from 5 other companies |
| Auditors | Unknown, untraceable |
| Merchant Bankers | Handle 20 IPOs/month – all 10x on Day 1 |
| Price Discovery | Basically auctioned in private Telegram groups |
📊 2024–25 SME IPO Trends (Brace Yourself)
| Metric | Value |
|---|---|
| SME IPOs Launched | 180+ |
| Avg Listing Gain | 130% |
| Avg Volume After 30 Days | 💀 Zero to 500/day |
| No. of SME Stocks Up >400% | 43+ (at peak) |
| Stocks Down >80% in 3 months | 29 and counting |
🧟 Top Zombie SME Stocks (That Retail Still Holds)
| Stock | IPO Price | Peak Price | CMP | Fall % |
|---|---|---|---|---|
| Kore Digital | ₹180 | ₹620 | ₹74 | -88% |
| Nibe | ₹160 | ₹790 | ₹121 | -84% |
| Sar Tele | ₹100 | ₹610 | ₹97 | -84% |
| Taylor Made | ₹147 | ₹500 | ₹60 | -88% |
| Thomas Scott | ₹77 | ₹330 | ₹89 | -73% |
(Data as of May 2025 – and no, this isn’t a horror story. It’s your portfolio.)
🕵️ So How Does the Scam Work?
Step 1: Set up a company. Any
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