@PBRGV If we trust the books, in my opinion, it would be wrong to say the promoters duped the investors.
Valuations were attractive, issue was reasonably oversubscribed considering its size, and nobody forced anybody to subscribe in the first place even if one argues valuations.
If at all somebody is worth blaming it should be the LM Sarthi. Cos it is open secret that LM has a larger role to play in an SME issue even on listing (compared to Mainboard).
And I wonder what the role of a "market maker" is. Isn't it supposed to provide liquidity (including in times of circuits). Usko kis baat ke shares allot hote hain, bhai?
Just a matter of time, I guess. The tide has to turn, and turn it sure will.