Amusing to see that companies borrowing trivial amounts at usurious rates are coming for an IPO
Source: DRHP Filings of Sorich Foils Ltd
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Source: April 2018 Letter to Investors
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Linkfest: 22 May, 2018
Some stuff I am reading today morning:
What’s roiling the rupee? (Hindu)
Many dining companies shut shop (ET)
End of the road for Patanjali? (Mint)
Interview with Vetri Subrmaniam (Morningstar)
Interview with Shankar Sharma (Rediff)
Tyre stocks skid (BL)
Company Profile: Avanti Feeds (OB)
Fortis Directors deserve a discharge slip (Quint)
Mental accounting & spinoffs (See It Market)
Fat tails & thin ice (Jason Zweig)
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Book Review: Life Over Two Beers
The Book ‘Life Over Two Beers and other stories’ is written by one of my favourite Indian authors Sanjeev Sanyal.
The author generally writes non-fiction and this is the first time he has forayed into the world of fiction.
The Book consists of short stories and poems and is a light breezy read.
The stories seem to be grounded from the author’s own life and he does a good job at poking fun at the various boors, bores and hypocrites around us
Its the kind of book you want to take on your vacation and read it at leisure.
Would recommend this book for light reading.
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Pantomath: Don’t get high on your own supply
Amused to see merchant bankers taking pre-IPO allocation in their own issues.
Source: DRHP filings of Affordable Robotic & Automation Ltd
Reminds me of this great dialogue from the movie ‘Scarface’