Svar Jain
1.3K posts
Svar Jain
@svar_j
#SparkInside Utilitarian. Textile enthusiast from MSU. Chelsea fan CISC. LP💞 In(creasingly)frequent Twittterer Snap- svarjain
Ahmedabad | Vadodara | Mumbai Katılım Kasım 2012
775 Takip Edilen355 Takipçiler
Ahmedabad wins.
125 people replied. The crowd spoke.
Already have venue offers coming in but want more options.
Got a space in Ahmedabad? Reply below.
@claudeai is coming to Ahmedabad.
Sumeet 🎒@TheCoderShow
Gujarat has some of the sharpest builders in India. Yet no one is hosting serious AI meetups there. Show me the demand and I’ll make it happen. Reply with your city for an official @ClaudeAI meetup by @AnthropicAI. I’ll go where the crowd is loudest. 👀
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There is a stock i am holding,
👉 Updated last year on X,
That i have added.
It’s been down and down since then, recovered recently, i even averaged in the down move too.
I can see a CLEAR breakout happening. If you can find from my profile, great!
If no, wait till tomorrow afternoon so that i can confirm breakout with chart ✅
Lag to raha hai iss baar karega kuch. Let’s see!
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Laxmi Dental Limited
IPO Price : 428
ATH : 584
CMP : 260
40% down from IPO Price
55% Down from ATH
Price eventually follows Fundamentals 🙂
The Price of a Recently Listed Company follows its fundamentals in around 12 Months, It's Predictable unless there is some significant change in fundamentals Post-IPO
If Not, market does the Price Discovery well in 12-15 months 😁, Only few are exceptions
Tanmay 🇮🇳@Tanmay_31_
Laxmi Dental Limited IPO Final Verdict AVOID Highlights of the Issue : Date : 13-15 January Price Band : 407-428 Size : 698 Cr Fresh - 138 Cr OFS - 560 Cr M.cap : 2,352 Cr Objects Of The Issue : 1.Funding Capital Expenditure For Purchase of New Machinery - 68.5 Cr 2.Repayment Of Debt - 27.6 Cr 3.GCP - 42 Cr Key Pointers ▪︎ Laxmi Dental Is An End To End Integrated Dental Products Company With Comprehensive Portfolio In Three Segments : – Laboratory Offerings : Crowns, Bridges, Implant And Removal Prosthesis, Veneers – Aligner Solutions : Clear Aligners, Thermoforming Sheets, 3D Printing Resins – Pediatric Dental Products : Crowns, SDF, Space Maintainers, Fissure Sealant, Reinforced Splint ▪︎ Laxmi Dental Has Network Of 22,000 Dental Clinics ▪︎ Company Intends To Fund Capital Expenditure Which Will Take Care Of It's Future Growth And Increase Company's Capacity By A Large Margin And Some Repayment Of Debt Will Strengthen The Balance Sheet Forward Projections : FY23 Rev : 161.6 Cr EBITDA : 9.6 Cr Net Loss : (4.2 Cr) FY24 Rev : 193.6 Cr EBITDA : 32.7 Cr PAT : 25.2 Cr H1 FY25 Rev : 116.8 Cr EBITDA : 28 Cr PAT : 22.7 Cr *The H1 PAT Has An Exceptional Gain Of 6.6 Cr FY25E* Rev : 245 Cr EBITDA : 53.5 Cr PAT : 27.5 Cr FY26E* Rev : 310 Cr EBITDA : 78 Cr PAT : 52 Cr Giving It A 35× FY26E PAT, Fair Value Comes At 330, Indicating An Downside of 23% ▪︎ An Extremely Important Part Which The Retailers Should Know : The Central Bureau Of Investigation (CBI) Against The Promoter, Chairperson And Whole Time Director Rajesh Khakhar Was Alleged In Indulging In Corruption And Illegal Activities To Obtain Confidential And Classified Information Pertaining To An Application For Approving FDI in Laxmi Dental Limited Ramakant Kini, Sterling Associates Was Engaged In Providing Legal Services For Providing Material Documents And Was Accused For Illegally Obtaining And Pilfering The Copies Of Confidential/Restricted Documents The Court Herring Is Scheduled On 23rd January 2025 Isn't This Unethical From The Company To Float IPO Just Before Herring And Putting Retailer's Money At Risk ⁉️ The Above Information Is Official And Is Clearly Mentioned in the RHP But We As Investors Have No Clarity On the Impact Of This Case ▪︎ The IPO Is Exorbitantly Priced : 73× FY24 EV/EBITDA 96× FY24 PE 45× FY25E EV/EBITDA 85× FY25E Adj.PAT 31× FY26E EV/EBITDA 45.2× FY26E PAT 33× Price/Book Aren't Retailers Fooled Here By Pricing It Exorbitantly And Then Showing Premiums To Attract For Subscribing the IPO ▪︎ One More Important Point : In An Interview, The Management Was Asked On Company's Margins, The Management Says, "There Are Few Listed Peers Out There Whose Margins Are Northwards Of 25%", But In RHP They Haven't Mentioned 😠 The Peer Which Is Prevest Denpro Limited And Mentioned Poly Medicure Which Has Nothing To Do With Laxmi Dental Prevest Denpro Derives A Good Chunk Of Revenue From Laboratory Offerings Which Has Delivered 16 Cr PAT On 56 Cr Topline Trading At 45 PE ▪︎ The Major Raise Is Going Towards OFS Of It's PE Fund Orbimed Whose 2 Portfolio Companies Have Listed Recently – Entero Healthcare Limited (Listed At 1.1% Discount And Was 20% Below Issue Price in Just 1 Month Post Listing) – Suraksha Diagnostic (Listed At 1% Discount And Was 25% Below IPO Price in Just 2 Weeks Post Listing And Still 19.3% Below IPO Price At CMP) Hence An IPO With Lot Of Red Flags And A Due CBI Case Herring At Exorbitant Valuations And IPO Floated With No Safeguarding Of Retail Investors The Whole Analysis Is Just A Personal View, Only For Educational Purposes #LaxmiDentalIPO #laxmidental #IPO
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I just came back from moderating the PPFAS Annual Unit Holders' Meet. My 4th time doing it and my 5th yr of being an investor. When I asked the assembled audience, how many had been invested for 5 years, almost every hand went up. It was quite amazing to watch - patient long term retail investing at work!
Now, some key announcements.
1) PPFAS Large Cap Fund
Idea is to create an entirely new category, think of it as 'passive plus.' They will replicate the Nifty 100 but do some things to enhance returns. Like buying futures when futures are trading at a discount or taking advantage of a special situation (eg: a corporate merger/swap) or buying stocks before an index rebalance. ETFs and Index Funds forcibly buy on the date of rebalance, essentially providing an arbitrage opportunity to those who do it first. Idea is to launch it at an expense ratio of a passive fund (0.1-0.3%).
My thoughts: PPFAS sees it as an add-on for those who do Flexicap + Passive. The idea is indeed innovative and possibly can disrupt the passive space.
If it works. That is the key question. We must let them build track record and prove that it works. Till then, I'm quite happy to stick to the Flexicap.
2) GIFT City: Nothing in a hurry. The PMS is live, the 2 outbound passive funds have received approvals. The inbound feeder and esp the outbound active will take a lot more time. They'll do a separate webinar on GIFT.
3) Questions about size: Market has also grown. Large caps now start at 1 lakh crore mcap. Even small caps start at 10k cr mcap. So AUM of 1 lakh crore on flexicap is not a big challenge.
4) IPO: Neil Parikh said they're planning for a 2030 listing. Rajeev added that regulations may not allow a unitholder quota in the IPO.
5) Final thoughts: There is something incredible about this event. A pilgrimage for many - India's Berkshire Hathaway and it is a privilege to moderate it year after year. I've stayed put as an investor for 5 years and reaped the rewards of it.
I'll do a separate post on Rajeev's comments on valuations, cash holding and going overboard on equities.
For more in-depth discussions on PPFAS and other mutual funds, please join our personal finance community. Reply personal finance and I'll send you the link.
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Today IPO - LG Electronics India - Already applied BHNIs from all accounts, don't wait for last moment, bank servers might crash as always.
Which category are you applying?
All the very best! :D
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@NalinisKitchen True. Did a CT PNS yesterday.
One of the labs that the doc suggested quoted 4000 and said will discount to 3000. Did the same scan at other lab directly for 1060 bucks.
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The doctor suggested I get a CT scan.
I went to the center, they told me it would cost ₹7,000.
Then I went to a charity org, and they said ₹3,000.
Later, a friend of a friend got me the CT scan done for ₹1,100.
I heard that doctors take 30–50% commission for referring patients. The doctor mafia has made healthcare 5X more expensive.
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@snapsbyankit @amanarya89 @dealztrendz Mere sath b same cheez Hui h. Kaha complain karna h guide karo
Eesti
@amanarya89 @dealztrendz Hnji same but now I'm not stopping here I'm filing a consumer case on them mera 16 bhi cancel kr diya for reason unke customer care ko meri bat smj ni aai usne without meri permission cancel kr diya
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@svar_j @mufaddal_vohra Original?
Uska bhi sponsor dream 11 tha kya?😅😂
Indonesia
Adidas is selling India's official jerseys at 80% discount - 1,199rs.
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🚨No GST on Health & Life Insurance from Sept 22!
A BIG step towards making protection affordable for every household.
Here’s everything you need to know 👇
#GST #NextGenGST #Insurance
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@ankitatIIMA Following you is becoming more like reading a RC and picking one of the MCQ's when I was preparing for CAT
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