Prof. Sanjay Bakshi, the authority on value investing, has evolved a new theory to explain why some companies succeed more than others. The Prof claims that the secret formula that drives successful companies is the fact that they are managed by “intelligent fanatics”.
To prove his theory, the Prof has analyzed seven top-notch companies, each of which has given huge super-duper multibagger gains to shareholders. At the end of the brilliant analysis, the Prof reached the astonishing conclusion that the only thing common to all companies is that they are run by “intelligent fanatics” i.e. people with “fire in the belly”, high levels of motivation, visionary powers, etc, etc.
To the Prof’s list of “intelligent fanatics”, we can add the name of Keshav Kantamneni, who is now the promoter of Uniply Industries, the micro-cap plywood manufacturer. Keshav Kantamneni is only 32 years old but he has already proved his whiz-kid credentials by coming out of nowhere and wresting control of Uniply. You can read about his profile here, here and here.
The ultimate endorsement of Keshav Kantamneni’s capabilities has come from the fact that three of the best stock pickers in the Country, Radhakishan Damani, Ramesh Damani and Vallabh Bhanshali, have decided to entrust large sums of their capital in his hands. The trio has subscribed to the following preferential offer of shares of Uniply at Rs. 100 each:
| Name | Nos of shares | Amount (Crore) |
| Derive Investments | 500,000 | 5.00 |
| Ramesh Damani | 250,000 | 2.50 |
| Enam Investment Services Pvt Ltd | 150,000 | 1.50 |
| Saral Vallabh Bhanshali | 150,000 | 1.50 |
| Ramesh S Damani HUF | 100,000 | 1.00 |
| Ruchira Damani | 100,000 | 1.00 |
The best part is that all three stock wizards are subject to a one-year lock-in of their shares. This gives us a clear indication of the level of confidence that the three have in the prospects of Uniply.
We must note that plywood stocks are very popular amongst ace investors because it is believed that these stocks will benefit the most from NAMO’s thrust on housing-for-all, 100-cities, etc and the rapid urbanisation that is taking place. Saurabh Mukherjea of Ambit recommended a buy of Century Plyboards, Sudhir Walia, Jwalamukhi and Prashant Jain have bought Greenply Industries while Porinju Veliyath has a major stake in Stylam, the ultra micro-cap.
Uniply is still a micro-cap with a market capitalisation of only Rs. 240 crore. We have to see how long it takes Uniply to reach the status of a small-cap and then a mid-cap under the able stewardship of Keshav Kantamneni. This move will spell multibaggers for the three dynamic stock wizards.
Their common pick TV TODAY still struggling even after one year of their purchase…..hovering around their purchase price only
true! however lets wait and see how long they hold it and than make a judgement after that. People like Damani don’t buy in BULK to expect gains within one year. Remember they are privy to knowledge which we are not aware of, so lets give them the benefit of doubt. and do remember even with stock wizards 2 out of 10 stocks may be duds. Same with Rakesh Jhunjhunwala – VICEROY HOTELS AND I THINK A TO Z SECURITY
What price have they bought it at? The 52 week low for the stock is 5.55
When even in moneycontrol, these ace investors’ name is being discussed from 10-15 days ago, surprised to see d report so late here….also surprised regarding timing of d report when the stock price is in LC just after touching 52 week’s high…
@kamal….they bought it @ 100…
3 years lock-in ?!! Source ?
The Shareholders notice is not available on BSE website so far.
Under the SEBI (ICDR) Regulations, three years lock-in is for promoters (upto 20%) and balance for one year. Lock-in for non-promoters is for one year.
Have they contractually agreed for three years lock-in over and above what is the minimum requirement?
The lock-in period is one year and not three years as mentioned. This is what the Annual Report states (page 13):
“The equity shares to be allotted to the proposed allottees under the proposed offering shall be subject to lock-in for a period of 3 years and 1 year from the date of trading approval of Equity shares to the promoter and other prospective investors respectively as prescribed under the SEBI (ICDR) Regulations”.
Thanks for pointing it out. The article has been corrected.
Thanks for posting interesting articles.
I didn’t see Keshav Kantamneni’s name on Uniply Industries website (http://www.uniply.in/). Please explain. With regards, Ramarao.
Kantamneni acquired Uniply in January 2015 in a Rs 126-crore deal. He acquired a little over 36 per cent from its earlier promoter BL Bengani and others for Rs 2.5 crore and announced an open offer at Rs 13.50 per share. In addition, he also undertook to pay the company’s total high cost liabilities of Rs 115 crore.
http://www.business-standard.com/article/companies/uniply-industries-raises-rs-27-crore-from-promoter-r-k-damani-enam-investment-and-others-115080400413_1.html
How Keshav Kantamneni ended up buying Uniply Industries
Chennai, February 24:
Matchmaker, investment banker, entrepreneur. That, in a nutshell, is Keshav Kantamneni, who has just bought a ₹170-crore wood panel manufacturer.
When Uniply Industries gave Globality Partners, a financial advisory firm headed by Kantamneni, the job of finding a buyer, the entrepreneur in him woke up. Realising the potential of the BSE-listed company, Kantamneni decided to make a bid for the firm in his individual capacity
http://www.thehindubusinessline.com/companies/a-journey-into-entrepreneurship/article6929817.ece
Very informative.. Thanks for details.
I would like to know about AstraMicrowave as well.. For pure academic point of view.
I feel that I get best of the information with knowledge at this forum.
Thanks.