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 https://t.me/CapitalVia
CapitalVia is SEBI registered Investment Advisers (INA200001512). Disclaimer - Investment are Subject to Market Risk. Invest as per your own risk & Capacity. www.capitalvia.com...
