Investor alert: Suspected scam IPO raises serious concerns
Samira Vishwas | June 5, 2026 1:24 PM CST
With CMR Green Technologies’ upcoming IPO not bringing any new capital into the company, concerns are growing that public investors may be absorbing past losses rather than funding future growth.The DRHP does not outline any plans to use the IPO proceeds to repay public sector banks’ debt or strengthen operational finances. Instead, the transaction helps shareholders monetize their holdings, raising concerns about whether the IPO market is being used to socialize private losses.
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