Notes
Main promoters:
Dhruv Gupta & Minakshi Gupta are also promoters of Apollo Pipes LTD which manufactures PVC pipes & accessories.
Public shareholders:
Neera Gupta, Veera Gupta & Ashok Kumar Gupta come from Promoter group of APL Apollo Tubes Ltd.
Sanjay Gupta of APL apollo is elder brother of Sameer Gupta of Apollo Pipes
Meenakshi Gupta is wife of Sameer Gupta and Neera Gupta is wife of Sanjay Gupta.
Couldn’t find much about who is Dhruv Gupta.
QRG Investment is promoter group of Havells Ltd.
Ashok Kumar Gupta is also MD of Shalimar paints Ltd.
Sg Logistic Management Pvt. Ltd also seem related party.
Warehouses
Pune
Bangalore
Dujana
Raipur
Dilution
1,44,60,000 warrants yet to convert which will dilute with existing 11.15Cr shares which is almost 13% equity dilution will come in near future.
What I think is APL has merged APL mart idea to SG Mart.
Large market size, huge scope of revenue growth,
valuations seem little stretched, will wait for favourable time to enter.
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