I believe apart from the role that Rajkot plays, you should also discuss why they stayed away by sharing what was mentioned in the Red herring prospectus. The raised money was going to the Korean entity and was not being used in India. But as always a great podcast!
Naah. That wasn't the SOLE reason. Hyundai took all profits to Korea, that's why. Hyundai makes profit of 5-6k per year but by this IPO Offer they took 27k (5yrs worth profit) and no portion was for future investments in India. Basically, unhone chipaka diya Indians ko a piece of paper. Jiski worth woh khud nhi kar rahe and bech ke bhaag rahe India se. Do you get it now? Plus, 30times price multiple of an already ailing auto industry is disastrous to begin with, only by 2027-28 they would be able to justify this valuation. I still wonder who those Retail Investors are who are actually holding on to that stock, knowingly fully that the Promoter is himself selling stocks. 😂
Too simplistic. There were legit reasons behind the apprehensions. Would have loved to hear those details- this one did not cut it.
I believe apart from the role that Rajkot plays, you should also discuss why they stayed away by sharing what was mentioned in the Red herring prospectus. The raised money was going to the Korean entity and was not being used in India. But as always a great podcast!
Naah. That wasn't the SOLE reason.
Hyundai took all profits to Korea, that's why.
Hyundai makes profit of 5-6k per year but by this IPO Offer they took 27k (5yrs worth profit) and no portion was for future investments in India.
Basically, unhone chipaka diya Indians ko a piece of paper. Jiski worth woh khud nhi kar rahe and bech ke bhaag rahe India se.
Do you get it now?
Plus, 30times price multiple of an already ailing auto industry is disastrous to begin with, only by 2027-28 they would be able to justify this valuation.
I still wonder who those Retail Investors are who are actually holding on to that stock, knowingly fully that the Promoter is himself selling stocks. 😂
Too much intro and off topic talk
Change the narrator to a guy. Otherwise no one will listen to this. You're killing the podcast with this gynocentric agenda
I'm wondering how it's possible for someone to spew hatred literally in the first hour the day.
@vineeth9258 Go ask your mother. She pushed your hateful little ass out 😃
Do you have any legit issues with the current narrative or then it is pure misogyny?