But Subra you were a Naren fan even before his funds performed….said Prem Khatri of Cafe Mutual…. Yes, that is right. He is an awesome stock picker and I go back 19 years of knowing him. I have had many conversations with him and I can stand up for him and say the following: a. […]

So Icici securities comes out with an IPO with a price band, right? What is the price band? Well, that is purely academic, it was not a worry at all. The issue was expected to be fully subscribed at the upper end price of Rs. 520. From where did they get this confidence? From the […]

I wrote about this earlier, now repeating it after SEBI has cracked the whip. Rarely do I say nice things about the regulator, let today be one of those days. Icici Pru Amc in its wisdom thought that Icici securities OFS was a good investment opportunity. This is funny. I can imagine Ms. Chanda Kochhar […]

If a pharma company comes out with an IPO can it do a private placement at a favorable price to doctors? If an amc comes out with an IPO…..to IFA? to RIA? to Bloggers? Well Sebi has said no. An amc cannot allot shares to IFA. It creates a conflict of interest according to SEBI. […]

I am a runner. A bad runner, let me warn you. However, I meet a lot of good running coaches. The best coaches give you simple advise. For a beginner it is just “get up every morning and run” and “stay motivated”. After he becomes a regular runner, the trainer includes speed workout, hill work […]

LiC is the biggest life insurance company in India, and still has a market share in excess of 70%. This is an awesome number in a growing market. With all my intelligence I asked the CEO of a private insurance company (in 2001 mind you) “How much time do you think you will take to […]