To my knowledge, it is the first time an IPO has hit the markets without complete knowledge of the Promoter Group !
Source: DRHP Filings of Shree Vasu Logistics Ltd
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Linkfest: 23 May, 2018
Some stuff I am reading today morning:
Tata Steel is at an exciting inflexion point (ET)
Brokers oppose trading hours extension (MC)
Gas Stocks: Fuel for the future (OB)
Are the good times over for balanced funds? (FE)
Exit at the top, Enter at the bottom strategy (80-20 Investor)
The great moat debate (Intrinsic Investing)
Borrow…if you dare (Of Dollars & Data)
The Silicon Valley tech bubble may burst (CNBC)
$100 Oil is one explosion away (DR)
Congress party is facing a financial crisis (Quint)
I was angry with myself for having taken up a fight with the Ambanis. I probably shouldn’t have.
The channel had done an elaborate coverage of how their oil by-products were adulterated. That decision hurt me a lot, which I realised later.
After the dotcom bust, while all stocks took a dive, ours fell disproportionately. In a normal crash, the price of Zee would have come down from its
1,500 peak to about500 or600. But it was down to double digits.
I was devastated.
I still remember the meeting with one of the investors in New York. I broke down. I couldn’t believe that I did so in front of an investor. That was perhaps the lowest point of my life.
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Sorich Foils: Not so rich
Amusing to see that companies borrowing trivial amounts at usurious rates are coming for an IPO
Source: DRHP Filings of Sorich Foils Ltd
Source: April 2018 Letter to Investors
