Category: IPO
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Zomato: What Wealth Creation Looks Like
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Alchemy: 40% Barbequed
Source: DRHP Filings of Barbeque Nation
In March 2018, Alchemy bought 5.75 L shares of Barbeque Nation @ 832 Rs/share
Interesting to see them fully exit three years later @ 500 Rs/share, a discount of 40% to their buy price.
Terrific vote of confidence !
Update: It has been brought to my attention that in red herring prospectus, Alchemy India is no longer a selling shareholder.
IPO Financing in full bloom: Borrow for 5day to 15day period, hit customer accounts in ASBA, charge them a higher interest, while borrowing from mutual funds: pic.twitter.com/DUmz5ihnfm
— Deepak Shenoy (@deepakshenoy) March 17, 2021
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