Priyeshg
107 posts

Priyeshg
@Priyesh_GS
Estate Planner,Executor & Trustee to estates ! Assisting NRI’s looking at winding up properties and repatriation of proceeds !
Mumbai, India Katılım Şubat 2016
345 Takip Edilen116 Takipçiler

“…so in my book, the BE 6e is the product and EV from India that will force the world to take notice and see us as a country with rival car makers and not just as a market to sell their cars in. The Mahindra BE 6e then is the face of the statement for Indian automotive technology that India has arrived.”
—Times of India
This is the kind of review and comment that gets our spirits soaring, our batteries supercharged and sends our aspirations sky-high!

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My views on the SME IPO that seems to have caught the outrage wave. I'm not outraged at all.
It's an SME, with a 12 crore IPO. Firstly the oversubscription is BS - your money stays in your bank account and you simply cannot get an entry easily, so you keep money in your account and bid - if you don't get allocation, it will just get released and you still earn the interest. So oversubscription nowadays doesn't make sense to look at.
Even earlier it didn't because people would borrow like crazy, 100-200 cr. for four days, to fund an ASBA application, from NBFCs. RBI and SEBI put an end to that, so now the smaller IPOs are getting oversubscribed.
And in that context no one gave this company 2700 cr. Money hasn't even left bank accounts. If they tried to raise 2700 cr. they will get nothing, most likely. People are applying more because it's a tiny IPO, period.
Is it a sign that people are investing in crappy cos? But excuse me, Jet Airways traded for many years after it was dead. I have put notes here on twitter, in times that were less heady, that a company is GOING TO WIPE OUT ALL ITS EQUITY and your money is going to become ZERO, and people have still bought enough for upper circuits. So don't even start with "rationality" and all that. People will buy anything, at any time, if there is a suitable narrative.
Is this company crappy? I don't know. I haven't analyzed it. It's made 1.5 cr last year, and they're asking for a valuation of 31 cr. I've seen a lot more "expensive" IPOs than that - and who knows, they might even expand. Or they might not. These are risks that investors must take.
But that is the point of an SME exchange. Small companies, raising small amounts of money. For most VCs, a 12 cr cheque would not even qualify for a meeting. It's small and tiny. Wouldn't we rather have such companies list on SME and then be transparent? Rather than take on more debt, or try raising from private investors whose only focus seems to be AI and more AI? Listed markets are a better place.
The bigger point is - no one is forcing you to buy into this or any IPO. You can take it as a sign of euphoria in the markets, if you like. But it's just wrong to try and block such companies from doing IPOs - if anything encourage more.
Yes, it could go bust or the business may fail. You don't get a free ride on return, boss. There is risk. If you don't understand it, please do fixed deposits. Don't apply on FOMO.
The tweets talking about the owner's instagram page are even worse. Why it matters that the person has a life, is beyond me. But okay, outrage feeds the worst in us, I suppose.
The problem I think, in the outrage, is probably the unhappiness of missing out. (I'm going to miss out, for the record, but I have no problems - there are many other opportunities) However, we walk past a prada store selling handbags at Rs. 2 lakh a pop, which some of our minds (including mine) cannot process currently, and we don't ask the government to ban prada or ask for regulations to "value" a handbag properly. No one's forcing you to buy that handbag. And no one's going to force you to buy this IPO.
Ok thanks bye.
CNBC-TV18@CNBCTV18News
Social media is abuzz with the strong response to the SME IPO of Resourceful Automobile. For a Rs 12 crore IPO, the subscription bids came in at Rs 2,700 crore ! Is it a sign of excess? What should you make of it? @_prashantnair chatted with @deepakshenoy
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@mieknathshinde @AmeetSatam @Dev_Fadnavis @mybmcwardKW Death Certificate is not being given by BMC officials at K west ward stating systems all over Maharashtra are not working. They are now saying come after 15th august.what should be done ?

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#PakvsUSA Meanwhile the so called hardworking underdogs beat the stray d*g* ! What a performance @usacricket ! Kudos ! 👏🏼
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@Vodafone_Ind @VodafoneGroup @VodafoneAU my India roaming not working in Australia, no one cares to resolve, loosing business due to no connection here ! Please HELP !!
Perth, Western Australia 🇦🇺 English

@CPMumbaiPolice @MTPHereToHelp @AddlCPTraffic1 @MumbaiPolice car towed. Waiting since an hour to make payment. No one to accept card payment, counter clerk demanding cash without receipt ! What should be my approach ? Saddened & Surprised ! Waste of time money and energy ! 😞



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@Priyesh_GS @ActusDei My understanding is that Succession Certificate is required in absence of both will and nominee. LoA needed if the will doesn't mention Executor.
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The simplest argument for making a Will is cost. Without a Will, getting a succession certificate incurs court fees as a percentage of assets. In Maharashtra this is capped at 75k but still a heavy charge - plus lawyer fees (50k to a few lakhs). On the other hand, simple Will can be made for a few thousand rupees.
There is one nuance - in the presidency towns like Mumbai for immovable property you have to go for probate - which again has similar costs. All this assumes no disputes.
Apart from this,
1) A Will can avoid lengthy succession disputes and
2) Give you flexibility in deciding who your heirs will be.
Otherwise, the personal law that applies to you kicks in. Story by @sashindnj livemint.com/money/personal…

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Feeling deeply humbled as I share the release of my first book, 'Fintegrity'!
Discover the secrets to financial success without sacrificing integrity. Inspiring journeys of seven incredible finance entrepreneurs. 🙏
Available on Amazon 📖
amazon.in/dp/8196332513?…
#Fintegrity
@VinayakSapre1 @msaparna @nehanagarr @RamaniSumit @melvinjo @jsolankicfp @gajendrakothari

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Shocking reality @ashishgmhatre !
Ashish Mhatre@ashishgmhatre
@PMOIndia @narendramodi @Devendra_Office @MoHUA_India, @CMOMaharashtra, @Dev_Fadnavis @mieknathshinde PM sir, 80+ yrs senior citizens cheated. not given 🏠 in redevelopment project for the past 20 yrs. Need ur intervention. Shiv Tapi tower Gamdevi Mum 7 timesofindia.indiatimes.com/city/mumbai/bu…
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9 people followed me and one person unfollowed me // automatically checked by fllwrs.com
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one person followed me and one person unfollowed me // automatically checked by fllwrs.com
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