149cr QiP with 10% of it as fundraising expense raises some doubt. Usually for IPO its in 3-7% range, Qip should be much lesser. Incremental 4cr (not mentioned in the offer document) towards Jajodia Equity Advisors Services Limited. Not much info around, unusual for someone who gets 4cr out of nowhere.
#Invested.
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4 Cr for QIP of 149 Cr is 2.68%. That’s not very off from the normal. Btw what’s the source of this expense info?
Suppose he redirected ₹10 Cr or ₹14 Cr through overpayment to the issue manager, while another promoter infused ₹15 Cr by buying a subsidiary with no revenue. In this case, funds flowed out and returned, resulting in a net impact of zero—assuming the disclosures are accurate.
Very basic question : I am not able to understand why would promoter buy an subsidiary with no revenue for 15 cr.
Why have they not issues more preferential share for the same amount?
CFO resigned, large KMP restructuring. I don’t know what these guys are upto.
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Manoj Sharma, CEO of Annapurna Swadisht bought shares worth 48.5 lakhs on 13th March 2025
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