The concerns over CMR Green Technologies’ IPO come against the backdrop of recent high-profile IPO disappointments. One97 Communications (Paytm) and Tracxn Technologies, both loss-making at the time of listing, have seen their values decline significantly after the IPO.
Paytm shares have fallen nearly 40% from their issue price, while Tracxn’s value has declined nearly 50%, collectively wiping out investor wealth by more than ₹850 crore. These examples, in a market where there have been cases like the ‘Satyam scam’, are increasing investor skepticism towards IPOs with weak or poor financials.
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