Gaja Capital IPO: Negative cash flow, audit trail gap, promoter's RBI default listing among key risks
As Gaja Capital’s IPO opened for retail subscription, its Red Herring Prospectus (RHP) highlighted several risk factors that investors may need to weigh carefully, including persistent negative cash flow from operations, heavy reliance on carried interest, a temporary gap in its accounting software’s audit trail and the inclusion of promoter Gopal Jain’s name in an RBI default-related list
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