Rajat Agarwal
96 posts


Swiggy management has just discovered that it is an environment which is 'competitive and dynamic'... And hence surprise surprise it needs more money 🙃
It had an IPO almost exactly a year ago where about ₹ 4500 crores came into the company and there was an offer for sale for ₹ 6800 crores plus
Now it needs 10 000 crores more!!
Once upon a time, it was
1. Money raised in an IPO was supposed to come into the company unless it genuinely did not require more capital for growth. Now the public markets mostly provide an exit for promoters and earlier round investors.
2. Too many fundraises were looked at negatively because they diluted the return on capital.
But I suppose when you are making losses at the rate of 1100 crores a quarter, there is anyway no return on capital to dilute 😉... Only an insatiable appetite for capital
Just as a lack of earnings in many such 'new age tech' companies means the PE is never too high
Any bets on the institutions which will subscribe to this QIP, whose money it will be and how such stories will end?
A friendly reminder that there is only one way to value a company and fancy new valuation ratios & parameters are used only to justify a valuation, not to do a valuation

English

#BhilwaraPolice साइबर सेल की त्वरित कार्यवाही से रिटायर्ड बैंक कर्मचारी से हुई साइबर ठगी का खुलासा, पूरे पांच लाख कराए वापस।

हिन्दी

@Anantagg
Maruti interior is showing some strength from last 7-8 Session,
What is the future profile of this company ?
Any Idea
English

@i_love_bhavin @Anantagg Maruti interior is showing some strength from last 7-8 Session,
What is the future profile of this company ?
Any Idea
English







