Special Situation: Reverse listing
Takeover by Shaju Thomas (MD and chairman of popees)
Name changed to Popees
Popees Fy23 sales 100+ crores
Baby care brand ebitda ~ 7% to 10%
Popees last fund raising at 200 cr. valuation in 2022
Current market cap : 120 cr. including warrants allotted
Valuation Mismatch exists.
Do your own due diligence before investing.
Invested and Biased.
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