Investments

I have started building positions in IFCI & Yes Bank. For the IPO Liquidity, I had partially sold my holdings. While we are waiting for Power Grid FPO, there is Gravita India IPO starting now. I took a quick look at the DRHP and the information available on the Web.

At 45 Cr. its a small issue. The financials look OK though the Cash Flow has been negative. Its difficult to compare the pricing since no listed players are available in this field. I find the risk statements segment in DRHP very useful. Found an interesting analysis of this IPO on web.

I am not likely to apply for this IPO though I will make a final decision after reading some more analysis and looking at QIB / HNI response. But for sure, we will not apply from all our Accounts. It will one or at the best from two Accounts.

Regards, Rohit