Do companies that demerge have a draft red herring prospectus (DRHP)? If so, where does the public get to access it? If not what other official document is provided with the demerge and capital allocation and all other details?
I was searching Nuvama Wealth Management DRHP and was not able to source it on NSE/BSE or even SEBI website.
Posts in category Value Pickr
Investing Basics – Feel free to ask the most basic questions (30-05-2024)
IDFC First Bank Limited (30-05-2024)
Banks with a strong growth focus will continue to experience equity dilution at regular intervals. IDFC First is a particularly growth-oriented bank, so we can expect ongoing capital raising efforts.
However, it’s important to note that from a valuation perspective, if equity dilution is conducted above the current book value per share, it is accretive to the book value and helps maintain attractive valuations.
Arman Financial Services Ltd (30-05-2024)
Saif has been invested since 2018, it’s very natural for PE funds to exit after a few years. Mud slinging on companies without any facts is something that should be avoided on this forum. It’s a cyclical business which will go through its own ups and downs. Doing 2 successful fund raises over last 18-24 months gives them enough capital to grow aum till 5k crores.
Disc: holding since last 3 years. Biased
Hitesh portfolio (30-05-2024)
Dear @hitesh2710 Hiteshji,
Thank you for regular wisdom on both technical and fundamental wisdom time to time to calm the nerves.
Now another result season is coming to an end amid election related volatility.
So, would you mind giving a review of your Techno fundamental picks like Usha Martin, Delhivery, Housing finance companies like Repco/PNB Housing, Banking stocks like IDFC first bank/Maharastra Bank ? Are you holding them amidst this volatility or did you sold some of them due to fundamental/technical reasons? What are the new names interests you post this results season?
Thanking you once again.
Samhi Hotels – Turnaround with Tailwinds (30-05-2024)
Dear @kanishq
The finance cost of Rs. 3451.10 million is related to NCDs. This amount is mentioned in the “cash flow from operating activities” section of the cash flow statement.
Narayana Hrudayalaya Ltd (30-05-2024)
@Dhananjay_Malhotra
Have a look at the chart i posted before.
Phantom Digital Effects Limited (30-05-2024)
I think receivables are the main problem with these companies. They get the job done with big production houses but not get paid for many months as they are dependent on these production houses for vfx work. These production houses work on many projects simultaneously hence they provide work regularly to these companies but delay payment of previous work done. That’s why these companies are venturing into producing movies. Recently digikore also moved into production with jio. Phantom also have its own production house. One more point when the biggest vfx company of the world Dneg balance sheet is not good I don’t think so these companies will post good result. Sora is also a threat for them
IDFC First Bank Limited (30-05-2024)
I noticed that all the entities to whom the shares will be issued are insurance companies. Out of 6, 4 are life insurance companies. Does this say anything about the long term vision of these companies? Do they believe in the long term story of the bank?
TAAL Enterprise – cheap valueations (30-05-2024)
Decent growth in FY24 for the company. Consolidated FY24 EPS is now at Rs.119 vs Rs.100 in FY23. 19% growth in a tough year for other IT services company, is pretty commendable, although this is in niche Engg Design segment.
122Cr - Investments/Cash & Bank Balance,
Rev from ED Service is Rs.194 vs 159 ~22% growth,
PE at Rs,2600 is ~21. MCAP is 800Cr.
Link - FY24 Results
IDFC First Bank Limited (30-05-2024)
Pref issue for 3200 cr at 80.63