Talwalkaars was doing ok in my town, and then Gold's gym opened, and even people who had paid advances, are now gold's gym members.. As for me, i just have my own equipment, with equipment becoming cheaper and more easily available, many people prefer to get the gadgets and weights home..

Please dont forget that one of the most savviest but low profile indian investors prof mankekar of bajaj institute who bought pantaloon at 16 n financial technologies at 60 rs n exited after earning multi multi baggers is one of the confident investors in Talwalkars.

there are other real savvy investors as well.

Prof Mankekar's cost is around Rs 5 or less then that and so is Prashant Desai's (the head of IR at PRIL) cost these guys have creamed out the milk and diluted it with water. Also Mankekar is known for his PRIl but he has had several misses with that he bought Tv 18 at the peak, Asian Electronics, Rishi Lazer, Zee News, Future Capital all these stocks went almost nowhere or actually declined in value.

This is one of most bizarre instances of public offering where private investors get to make 25 to 30 times in 3 years and then retail investors are offered a share in the pie!

Irrespective of how Talwalkar does I am not one bit interested to be made a sucker and hence I will skip this one. Sometime it is about management integrity and democratization of shareholder rights and when that comes under question everything else is a blind spot for me.




Edited by basant - 20/Apr/2010 at 8:54pm

VERY WELL SAID BASANTJI. BUT I will closely watch the subscription figures.if there is good QIB N HNI response  I will apply otherwise not.

Originally posted by basant Prof Mankekar's cost is around Rs 5 or less then that and so is Prashant Desai's (the head of IR at PRIL) cost these guys have creamed out the milk and diluted it with water. Also Mankekar is known for his PRIl but he has had several misses with that he bought Tv 18 at the peak, Asian Electronics, Rishi Lazer, Zee News, Future Capital all these stocks went almost nowhere or actually declined in value. This is one of most bizarre instances of public offering where private investors get to make 25 to 30 times in 3 years and then retail investors are offered a share in the pie! Irrespective of how Talwalkar does I am not one bit interested to be made a sucker and hence I will skip this one. Sometime it is about management integrity and democratization of shareholder rights and when that comes under question everything else is a blind spot for me.

Edited by TCSer - 20/Apr/2010 at 10:37pm