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Posts in category Value Pickr

Samhi Hotels – Turnaround with Tailwinds (23-07-2024)

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I am referring to the Samhi’s DRHP, on August 10, 2023 3.7cr shares were allotted to ACIC Mauritius as part of the acquisition deal. The shares were allotted at the price of 238.15 INR and the IPO price itself was 126 INR.

How come the allotted price was way higher than the IPO price? Does it mean the CMP is way below the fair market value as discovered on August 10, 2023 and the IPO price was way too low?

Could you or someone help me to decipher this, am i missing something? Thanks!

Refer: DRHP
Page 12:

Screenshot 2024-07-23 at 10.11.44 PM

PS: Note: ACIC holds 17% equity in SAMHI.

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Samhi Hotels – Turnaround with Tailwinds (23-07-2024)

Screenshot 2024-07-23 at 9.25.51 PM

Around 2.87cr shares that is worth of 516cr are available to sell and around 620cr are locked. Do you think any sharp appreciation in the share price will only come once the selling pressure is over?

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Kellton Tech – Growing IT company (23-07-2024)

True. Found that concerning. Nothing shady but promoters are signaling that their stock is too high.

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BLUE PEBBLE- The next high growth SME? (23-07-2024)

Related party transactions have also increased 2 fold. looks like the promoters are buying inputs from themselves. Not a great practice to continue and it’s going up and up. would love to have your thoughts on this as well.

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BLUE PEBBLE- The next high growth SME? (23-07-2024)

In the Annual report FY20-21, the company lends money to 2 people Nalin Gagrani & Manoj Tiwari each 18L. and declared a bad debt of 4L. Am I reading it right that promoters took the debt from their company and defaulted on it?

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Great articles to read on the web (23-07-2024)

Budget Summary

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BLUE PEBBLE- The next high growth SME? (23-07-2024)

I agree that 1L in absolute terms is low however, the percentage rise is quite staggering. I am also wondering what exactly the auditor audited, before IPO so their fee goes up by 4x?

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Tata Consumer Products Limited (TATACONSUM) (23-07-2024)

How this additional capital which is raised through right issue will be used as growth capex?

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Infosys Limited – Are we getting a discount or no? (23-07-2024)

As per AR of Infosys for FY24.

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Chairman/Non-executive director attended only 4 out of 6 board meetings held in the last financial year through March 2024. Amongst 8 independent directors, one independent director missed two board meetings and two independent director absent for one board meeting. There is no valid justification or reasoning provided by the company on their absence in the annual report either. Dissent amongst shareholders is also evident in recent voting of AGM held in Jun-24
https://www.pressreader.com/india/hindustan-times-lucknow/20240701/281973202850536

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BLUE PEBBLE- The next high growth SME? (23-07-2024)

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The Auditor fees seem to have increased from 25k to 1 lac in FY 23 (last year). Can be because of extended services requirement for their recent IPO.
Frankly,1 lac seems to be on a lower end?

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