IPO hype or hidden trap? Market watchdog on alert

Contrary to popular belief, a look at CMR Green Technologies’ DRHP reveals that the earnings per share (EPS) trend paints a grim picture. EPS was ₹4.41 in FY23, fell to a loss of ₹38.32 in FY24, and recovered slightly to ₹6.50 in FY25.

Despite the recent rebound, the net EPS loss over three years is ₹27.41 per share. Analysts warn that this kind of decline in shareholder value, even if it recovers slightly, should be viewed carefully by retail investors considering participating in an IPO.