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IPO Alert
CarTrade Tech IPO: Promoters/Founders are selling their shares on the name of IPO as it is 100% OFS (Offer for Sale). CarTrade Tech is already making 28 Crore Profit in a year and using bull market sentiments to sell their 40% shares at 2998 Crore.
CarTrade Tech IPO (OFS) is NOT raising money for company expansion but it is 100% OFS for the Promoters/Founders to Exit at such crazy valuations which doesn't make sense.
Recommendation: AVOID CarTrade Tech IPO
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CarTrade Tech IPO: Promoters/Founders are selling their shares on the name of IPO as it is 100% OFS (Offer for Sale). CarTrade Tech is already making 28 Crore Profit in a year and using bull market sentiments to sell their 40% shares at 2998 Crore.
CarTrade Tech IPO (OFS) is NOT raising money for company expansion but it is 100% OFS for the Promoters/Founders to Exit at such crazy valuations which doesn't make sense.
Recommendation: AVOID CarTrade Tech IPO
Follow CapitalVia on Telegram at @CapitalVia
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