What’s knocking the wind out of SMEs in India? Ask this, and anyone running a small enterprise sums it up in one word — loans. Either their loan applications are turned down by banks and NBFCs or they are asked to pay very high interest rates. This is, perhaps, taking many small and medium enterprises to the public market. Rahul Sawhney’s is one such story. The managing director of Resourceful Automobile, a Delhi-based Yamaha dealership which
Investing
The hidden truth of SME IPOs, and an inversion you’ve never seen before
Collage by Mohommad Arshad
Synopsis
The stock market has probably solved the perennial funding woes of the SMEs. But how stable are these businesses? Are they turning the capital structure of the Indian corporate sector upside down by taking the equity route, and not debt? Should you worry as an investor?
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