Bijoy

Perceptive

[Devina Mehra @devinamehra]

The point is not that the MFs applied for the IPO or what the size was, the point is what was the mandate of that scheme?

Leaving aside the valuation question, if a FMCG or consumption theme fund applied for it, it still made some sense - but how can a large cap, midcap and small cap scheme all apply for the same IPO or that matter retirement fund and various others?

Saying that the size was small is no defence at all when dealing with public money!

[Civic Opposition of India @CivicOp_india]

A 37-year-old Karnataka government officer named Pratima was hacked to death in her own home. She held the position of Deputy Director in the Mines & Geology department. 😢 Assailants broke into her residence while her husband was away and brutally ended her life. The incident has been reported at the SubramanyaPura Police Station in Bengaluru. We also face similar threats when we expose the real estate mafia for their encroachment of lakes & Rajakaluve. 😡
#Murder #Mining #Bengaluru #WomanOfficer

[Ashwini Damani @ashwinidamani]

Not sure how someone liked Shahrukh's Jawaan...
What a crap movie.
No logic, Shows an India of 1970s (except the Jail which is like Jail of USA of 2023)..
Army buying Guns from an Individual, procuring guns without testing or trials..

[RJ - Rishabh Jain @rishsamjain]

@SiriusLee666 @ICICIPruMF @abslmf @AxisMutualFund @NipponIndiaMF @WhiteOakCap @invescoindia @CanaraRobeco % is small, but that's not even an argument.

[RJ - Rishabh Jain @rishsamjain]

I am shocked to find 19+ reputed Mutual fund schemes are investing 250Cr+ in #Mamaearth IPO, Even retirement funds are investing.

Why a blind eye on astronomical PE, 78% OFS, and 10x to 100x returns for promotors & early investors? If a startup would have come on Shark Tank with Such a Valuation Ghazal Would have been the first one to be out.

Wondering, when even a layman can see through the motives, what makes fund managers invest? What's the rationale? Unitholders in these schemes should ask fund managers. Maybe they see an angle which we don't.

- Tagging all MFs -

[Tehelka Omelette - Daily @DailyTehelka]

@Iamsamirarora And even after that most funds don’t beat the basic index! 🤣🤣 isse acha movie hie dekh le tau! Ye 70 plus hours laga kar kya ukhaad liya!

[Satisfied Soul @SatisfiedSoul5]

@Iamsamirarora @AkshayT13677751 Sir his language may not be correct, but content isn't too off .. look at all the MFs and category of funds investing in Mama Earth IPO - how will the Industry gain trust with such irrational decisions. The trust deficit only grows unfortunately !!

[Abhijit Iyer-Mitra @Iyervval]

Hey @sardesairajdeep are you seriously planning on talking to a scumbag who labelled Hindus as being “worse than animals”? Just amazing @IndiaToday just bloody amazing. Shame on @RNTata2000 @TataCompanies @SandhuTaranjitS @DrSJaishankar

[Stocks Treasures 💎 @StocksTreasures]

Mama Earth ⚠️⚠️ IPO.
A Big Avoid

✅They demanded Rs 24,000 Cr Valuations last year for a tiny Rs 24 Cr Profits the Investors shown a zero Interest
✅They are now asking for a Valuation of Rs 10,000 Cr only.
✅When the Company itself is in loss.
✅This Business has no entry barriers can be easily replaced by the big guys. Lacks the MOAT, plus the products are too costly can't capture a big market share

PS:- IPO has become a scheme to loot Retail Investors money by giving a safe exit to the Angel Investors😇
Mama Earth doesn't even deserve Rs 2500 Cr Market Capitalisation. Good companies are listed in the Brouses with a MOAT too with less than Rs 5000 Cr Market Capitalisation in the same space. Why pay high for buying loss making Mama Earth.

[Stocks Treasures 💎 @StocksTreasures]

We all retail investors will show our strength by not subscribing to a single lot of Mama Earth. These so-called Entrepreneurs bring IPOs at the superfluous valuation to give a safe heaven to the Angel Investors and HNIs
They have zero empathy for us Retail Investors. These new age Startups have nothing left for the Retailers.

[Shashi Tharoor @ShashiTharoor]

Shocked to learn that #Qatar has passed a death sentence on eight former @IndianNavy officers. The details of the entire case are shrouded in mystery & opacity. Trust @MEAIndia & @PMOIndia will act immediately with the highest levels of the Qatar government to support an appeal and bring them home. @DrSJaishankar

[Deepak Shenoy @deepakshenoy]

Honasa (Mamaearth) is doing their IPO on Oct 31 that'll be worth about Rs. 10,000 cr. at Rs. 324 (upper band?)

They've made about 24 cr. in the June quarter which is probably the first real profit quarter. As market players go, we tend to discount any larger profits close to IPO because, well, experience. Overall, the business has some elements of FMCG and some elements of a service biz (they own the BBlunt brand of salons and all).

THey'll raise 365 cr. and offers to sell are about 1500 cr. This is quite a rich valuation IMO as the money raised is like 180 cr. for ads, 20 cr for EBOs and 26 cr for BBlunt salons, rest for acqs - won't do much for growth that will justify a 10,000 cr.+ market price.

Just my first thoughts, I don't have a reco or anything. Only thing that surprised me was the fact that cash on delivery is huge (1/3rd of their d2c business) and then no-shows on that is about 20%! As in people not there, or refusing to pay at the door types.

Anyone have good insights here? Some trigger that will change the game?

**Edited: Changed price to 324 per share**

[ಅಶೋಕ ಮೃತ್ಯುಂಜಯ (Ashok Mruthyunjaya) @Ashokmruthyu]

@east_bengaluru @BBMPCOMM @BBMPAdmn @WFRising @kdevforum @Namma_Bengaluru @NammaBengaluroo @nBangalorepost @EcosystemLake @ChristinMP_ @SandeepAnirudha @BengaluruAgenda @DKShivakumar @MALimbavali @ArvindLBJP all these are happening under your nose and you are keeping quite. Surprising. Is it deliberate silent?

How much prestige donated for elections?

[Civic Opposition of India @CivicOp_india]

In 2022, people resorted to using excavators to reach their offices across Bellandur Kodi Bridge. The situation could remain the same five years from now. BBMP might need to consider arranging a boat ferry to the new Tech Park! #BengaluruFlood

[Civic Opposition of India @CivicOp_india]

Last year, during the infamous flood, the Tech Park Project site appeared like this. #BengaluruFlood

[Civic Opposition of India @CivicOp_india]

Virtual Tour of the Project Site.

[Civic Opposition of India @CivicOp_india]

Dear @BBMPCOMM and @BBMPAdmn,

You've called upon citizen groups to report lake and Rajakaluve encroachments. Here's the biggest encroachment of the year. A prominent builder is developing a tech park on the Rajakaluve and the buffer zone of Bellandur Lake, a potential disaster in the making. This project threatens to block the crucial channel connecting Bellandur Lake and Varthur Lake, reminiscent of Manayata Tech Park or Eco Space Tech Park. This venture endangers the Rajakaluve, which was a major factor in the infamous flooding of 2022. We implore you to take unbiased and swift action to safeguard our future generations.

#SaveLake #BellandurLake #Encroachment #Bengaluru #NammaKere #NammaJababdari 🌊🏞️🚫

[THE SKIN DOCTOR @theskindoctor13]

Owner of Wagh Bakri Tea, a 2000 crores brand with business in 60 countries, died yesterday due to a fall he suffered after a pack of street dogs attacked him.

India has the largest population of street dogs in the world, the highest number of deaths related to street dog incidents, and the highest number of rabies cases. This problem continues to grow.

We urgently need a national program for mass vaccination and sterilization of street dogs; otherwise, the situation will deteriorate. But, it seems unlikely that it'll be taken seriously unless a minister or senior judge falls victim to street dog incidents.

[Abhijit Iyer-Mitra @Iyervval]

Remember DELHI MEDIA GOSSIP as delivered to you on @X by your favourite Archbitchess is always correct. 100% reliable sources and always put out only with triple confirmation.

[Parag Amalnerkar @IndiaUnfolding]

@Bnglrweatherman BBMP should be booked for criminal culpability

There are dozens of eateries in every lane with gss cylinders outside - complaints get ignored, they bribe health inspectors and get away

#Bengaluru will remain the garbage, pothole & unsafe eatery capital of India , thanks to BBMP