IPO ka paisa kahan gaya? Jaaniye.
Shreeji Shipping Global ne jab IPO laya tha toh ₹4,107.10 million (yaani ₹410.71 crore) jama kiye the. Expenses nikalne ke baad, net proceeds ₹3,695.43 million (yaani ₹369.54 crore) bache the.
Is paisa ko alag-alag cheezon ke liye decide kiya gaya tha: Dry Bulk Carriers kharidne ke liye ₹2,511.79 million, loan chukane ke liye ₹230.00 million, aur company ke general kharchon ke liye ₹953.64 million.
Dekho toh, loan toh pichhle quarter mein hi poora chuka diya gaya hai, aur general kharchon ke liye bhi almost poora ₹951.88 million use ho gaya hai. Lekin sabse badi baat yeh hai ki, jahaj kharidne ke liye rakhe gaye ₹2,511.79 million mein se ek paisa bhi use nahi hua.
Is quarter ke end tak, total unutilized IPO proceeds ₹2,519.66 million bache hain, jo abhi fixed deposits aur bank balances mein pada hua hai aur interest kama raha hai.
Investors ka sawaal: Execution kab hoga?
Sabse bada sawaal toh yahi hai ki company ne jahaj kharidne ke liye rakhe ₹2,511.79 million ko abhi tak use kyun nahi kiya, jabki IPO ka main reason yahi tha. Growth strategy ke liye yeh kadam bahut important tha, aur ismein koi progress nahi dikhi hai. Auditor ne bola hai ki yeh 'utilization mein delay' nahi hai, par asal mein toh paise use hi nahi ho rahe hain business badhane ke liye.
Kya hai risk?
Investors ke liye sabse bada risk yahi hai ki company apne core business ko badhane mein fail ho rahi hai. IPO ka paisa sahi samay par assets kharidne mein use na kar paana company ke planning aur market timing par sawaal khade karta hai. Aage aane wali reports mein shareholders dekhenge ki kab company sach mein jahaj kharidne ka announcement karti hai. Jab tak aisa nahi hota, yeh paisa sirf bank mein pada rahega, asli business growth nahi hogi.