January 30, 2011

Manish Buyer Innovassynth Investments @ Re. 1 Per Share


Innovassynth Investments Limited @ Rs 1 per share.

Manish - 9958006642


vishwanath said...

I request those readers/investors who may have any information about following companies and any details of hidden value they may have: (1) 200 Bombay Tyres Now Modistone India.( 2)800 Rathi alloys ltd,(3)1000 Global Finance and Securities Ltd Kolkatta,(4)100 JK Cotton ltd Kanpur,(5) 5 Khatau Mills Mumbai (Rs100 face value )(6)500 Hindustan AgroChemicals Ltd,)(PSU),(7)100 Kurlon ltd Public Issue expected shortly,(8)3000 Druckgrafen India Ltd,NewDElhi. It is possible that some of these Companies may be having Valuable land and buildings and possible revival or takeovers.Kindly reply to vishvaasp@gmail.com or in this blog.

Unknown said...

I request views/guidance of knowledgeable investors /traders on whether Bharat Nidhi is a good buy around Rs.5900 and its prospects. Can it prove a multi money bagger like Orissa minerals ? My emailID is winayav@gmail.com

Unknown said...

I request blogwriter to place my last message Under the Title Bharat Nidhi Ltd

arun said...

Scripscan:Innovassynth Investments Ltd

Story:I got never fascinated by holding companies but this time the ridiculous valuation of this particular company helped me to pen a note and put a buy call on it.Innovassynth Investments Ltd is the holding company of Innovassynth Technologies where the former owns 32.2% of the later entity.Innovassynth Technologies (I) Ltd. formerly known as Chemicals Division of Indian Organic Chemicals Ltd. came in to existence since 1st August 2002.The company is catering to the needs of customers in the area of 'knowledge based R & D services' which include:-Contract R & D,Custom Synthesis and Contract Manufacturing.The company is still in deep losses but that wouldnt be the prudent way to look at it.So lets evaluate the valuation of the contract manufacturer:-

1)Innovassynth Technologies owns over over 35 million sq ft land at Khopoli which should be worth somewhere around 100-150crs.

2)It owns 7% stake in Actis Biologics India which should be worth Rs 225-230 crs as it recently placed 10% of Actis at US $ 80 Million.

3)Last but certainly not the least would be its high end Research& development work which may worth as much as 250crs to 400crs.

4)Innovassynth Technologies had networth of around 90crs as on 31st March 2010.

So lets add up taking the least conservative figures(100+225+250+90crs=665crs)

Conclusion:Thus as we can see Innovassynth Technologies is worth 665crs.So what should be the value of the listed entity,i.e,Innovassynth Investments Ltd?The listed 7rs counter owns 32% of the contract manufacturer which gives me a figure of(32% of 665crs=over 200crs).But Innovassynth Investments is lying low at a horrible figure of 7rs which shows a marketcap of as low as 16crs.Holding companies aren't the fancy of the bourses but even if I give a valuation of 1/8th still it showcases 40crs marketcap(17rs).According to the recent announcement the promoters are allotting themselves warrants at 10rs which in no meaningful way can be the valuation of the company.The promoters are definitely not investor friendly or bothered about the minority shareholders.In past they have a history of making a complete mockery of the shareholders fraternity.Innovassynth Investments is worth a lot but the present market sentiment,the non-friendly promoters may not help it move much in the shorter term.
btw:It lacks volume so dont go gung-ho.Slowly accumulate it in hundreds


Anonymous said...

will buy innovasynth at Rs 2

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