Investors get drawn towards SME IPOs

Some IPOs like that of Focus Lightings were oversubscribed by 89% in last FY

While large size IPOs are getting improved responses from investors, with some over subscribing two to four times on the main platforms of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), SME IPOs are not lagging behind either. According to the investment bankers, investors' trust on small companies has increased in recent times and as a result many SME IPOs have seen over subscription by almost 85 times.

Jaimin Shah, managing director of Ahmedabad-based Dev Information Technology Limited never expected that the company's IPO will be oversubscribed by 74.17 times on BSE SME platform.

Shah said, "As against the