The company has successfully raised 1070 crores at a share price of 8615. Decent list of subscribers, Arisaig Asia Consumer Fund, Platinum Asia Fund and Driehaus Emerging Markets Fund are the FII’s whereas Axis and Kotak are the DII’s who have subscribed.
What I expect is an alternate business model use for this Cash, similar to the one Info-Edge has. With Dinesh Agarwal’s deep understanding of start-ups, we may well see the cash being reinvested for inorganic opportunities.
March is usually the best quarter and I expect the new customers to be added in the range of 7500 customers in the last quarter (up from 5500 (1500 were old customers)).
I also expect the run-rate to be around 30000 customers for FY 22.
With mobile accounting apps like KhataBook doing extremely well, we may well see a takeover of Vyapaar and other synergistic acquisitions in the near future.
Disclosure - Invested from Lower Levels, may add depending on Q4 new customer acquisition numbers.