G G Engineering Ltd
It is case study how promoters listing on SME platform loot investors.
The co brought its IPO at Rs20 each in 2017 and got listed on #BSE SME.
As on Mar2018, the promoter held 73% shares, and from there they kept selling. As on date they have less than 2%
1/n And while they were selling their stake, the stock was taking new highs. In fact the Mar2022 quarter when they reduced stake from 43% to 3%, the stock was over Rs40 which though have saw a sharp fall from the top.
Meanwhile they were engaging investors with #bonus and #split 2/n

#ISMTLTD #ISMT Ltd & #KIRLFER #Kirloskar Ferrous Industries Ltd (KF) announced a mega #merger plan. #specialsituation

If we recollect, KF had done a major investment in ISMT in Mar 22, and ISMT settled its huge debt with lenders at a huge discount.

Here is my quick learning:- 1) KF has fully backward integrated operations ranging from iron ore mines to machined castings as well has a very strong client base across the globe. ISMT is one of the most diversified manufacturers of specialized seamless tubes in the world.

Recently I learned, #Right Issue by a listed company can be a great opportunity for an investor to make quick & decent money. While I will try to explain the process and risks of applying in a Right Issue, let us first look at the result of the few right issues applied by me. 1/n #NATURAL CAPSULES LTD 2/n