A quick note on the Cafe Coffee day IPO : Ends today Rs. 316 to 328 Multiples of 45 shares 1100 cr. in size This is me being VERY VERY Late. I know. I’m sorry. I wasn’t going to bother thinking this is another waste IPO where you won’t get anything due to oversubscription. So no point doing a detailed analysis. But apparently things don’t seem that badly oversubscribed. They only got full subscription just now. Things to note: VG Siddhartha is the promoter. He and other promoters will own 52%. He is ex-Karnataka CM, SM Krishna’s son-in-law. This is only as important as you want it to be. Loss making: the last financial year saw a loss of 159 cr. and the first quarter in this year was already a loss of 40 cr. It’s not just the Coffee Day business: the company owns tech parks, a massive stake in Mindtree, a financial services business, hotels and coffee plantations. … (Read On…)
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