The Indian Equity Market is currently going through its most active phase. Every week new companies are standing in the queue to get listed in the market, and all around there is talk of listing gains and profits. But amid all this hype, the upcoming public issue of CMR Green Technologies Limited has become a big ‘test case’ on Dalal Street. Since India’s IPO pipeline is active, the issue of CMR Green Technologies could become a test case for investor due diligence. With no capital inflow into the company, volatility in profits, decline in NAV and promoter exit from the IPO route altogether, this offer emphasizes why retail investors should look beyond the headline and issue size. Market observers emphasize that careful analysis of DRHP disclosures is the only safeguard in the increasingly crowded IPO landscape.
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