Rosmerta Digital Services, which had planned to launch its Rs 206-crore initial public offering (IPO) on November 18, has postponed the issue, according to a public announcement. The IPO was touted as the largest-ever for an SME (small and medium enterprise). "...the initial public offering (IPO), which was originally scheduled to open on November 18, has been postponed," Rosmerta said in a public announcement dated November 13. The company has not specified a revised date for the IPO launch. The announcement comes amid weak equity market conditions due to unabated outflow by foreign portfolio investors (FPIs) and muted earnings. Rosmerta's proposed IPO was a complete fresh issue of 140.36 lakh equity shares valued Rs 206.33 crore at the upper end of the price band. The company was to be listed on the BSE SME platform. It had fixed a price band of Rs 140-147 apiece for the IPO, which was scheduled to close on November 21. Rosmerta Digital Services Ltd, a subsidiary of Rosmerta . Read The Rest at :