Building My VP Portfolio : Brick by Brick

This time I am updating with my selections and purchases with my VP Portfolio.
Today ( 23 -APR - 2014 ) as a beginning I have almost invested 50 % of the initial corpus 50K of Rs. 1 Lakh to these selected shares.

The purchases are listed as below, and justification for each selection is given at the end.

SL No.	Name of Company	Allotted  Amount (K)	Purchase Price	No. of Shares	Initial % of Portfolio
1	Arrow Coated Products	10 K	61.5	160	10 %
2	Granules India	10 K	305	32	10 %
3	Nath Bio Genes	10 K	81	123	10 %
4	Camphor & Allied Products	4.5 K	217	20	4.5 %
5	V2 Retail	5 K	15	330	5 %
6	Ashapura Minechem	5 K	61.5	80	5 %
7	Jai Blalaji *	4.5 K	13.5	330	4.5%
	Free Cash	51 K			51 %
	Total	100 K			100%

Justification for each selection

1. Arrow Coated Products

Already a 4 bagger from Valuepick's list, and you may wonder why I have selected this one. 

But truly the reasons are as follows. 

     (i) As VP mentioned, this company is for future. Products having tremendous potential for future.

     (ii) If company succeeds in marketing, Scalability of production through Patents with IP Protection.

     (iii) Even at CMP its not very overpriced. Trades around 10 -12 PE

2. Granules India

Even though appreciated more than 250% from VP recommended price, the EPS growth is also according to the tune. And company having great future plans to produce high margin products. (More details from VP blog.  value-picks.blogspot.com/2012/06/granules-india-buy.html‎ )

3. Nath Bio Genes

A great story from Agri seed sector and dirt cheap valuations ( Promoter's history gives a slightly negative bias. Need to watch through the next year to validate the promoter's attitude to take a final call)

4. Camphor & Allied Products

To give fragrance to the portfolio !

5. V2 Retail

A possible very big coming back story

6. Ashapura Minechem

With turnaround scenario and having deep mine land reserves.

7. Jai Balaji

A non VP recommended stock. Either a gone case or a very big multibagger in future. Investing due to the risk reward ratio and considering the present valuation.