This seems so much fairer and 5x is so much better when compared to what KPI green energy did. The promoter sold one of his company named ‘K Park’ having 0 revenue, land worth 15 crs and absolutely nothing for 126 crores to the listed entity in exchange of shares deeply discounted to market price, then did an immediate QIP followed by a 1:2 bonus, and issued dividends while having a debt to equity ratio of 2.5. Despite all this people kept buying the stock taking it almost 3x in 3 months and Fund houses like Quant bought and sold the stocks within a month booking handsome profits. Smallcap is chaotic and filled with newbie investors making greedy decisions and pros feeding off of it. So what you are saying sounds so much better to me and nothing wrong if you dig deep into the industry norms (which is off paper).
2 Crores? Please look at this –
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