Hello Vikskukreja,
Thanks for pointing this and yes they did the IPO but when some Institution does some IPO(of another company), it of course does checks the details of the company, potential of the company and most importantly valuation of the company through detailed process and scrutiny and if they are not satisfied they rejects the company——as there is every chance of under subscription and in that case the underwriter(VLS in this case) will have to absorb the remaining shares—–so in this case VLS must have realized the potential and valuation of “Relaxo” and that is why they went ahead with the IPO——so the skill and effort VLS had put and selected “Relaxo” , that itself proves VLS’s has good investing strategy——-and also apart from Relaxo , VLS has some other good stocks in the portfolio as well——-so overall VLS is doing well—–now the decision here is instead of buying a holding company VLS , we can select the company directly(in this case its Neo)———-basically its equal credit to find a good company from primary market(IPO) and find a good company from secondary market…..
I request all again to give their valuable inputs so that we can evaluate this company—–with the demand of Technical textiles increasing hugely in India as well as other countries like USA, Latin America and other countries, I think this Technical textiles sector should perform well in near future—–and with good capacity of Neo, we can investigate this company further!!!!!!!
| Subscribe To Our Free Newsletter |
