Investor Alert: Serious concerns over suspected scam IPO

With CMR Green Technologies’ upcoming IPO likely to bring no new capital into the company, there are growing concerns that public investors will be absorbing past losses rather than funding future growth.

There is no plan mentioned in the DRHP to use the IPO proceeds to repay the loans of public sector banks or strengthen the operational finances. Instead, these transactions help shareholders monetize their holdings, raising concerns about whether the IPO market is being used to socialize private losses.