GSF was valued at 1.5 times of the NAV for the purpose of acquisition (Rs. 14.89 * 1.5 = Rs. 22.33)
It's EPS is too low and it might not have been considered in valuation.
ALLI has an excellent NAV of Rs. 984/= and the share price is less than the NAV.
If ALLI is valued based on the NAV it will be 984/= *1.5 = 1,476/=
Please also note that ALLI has excellent EPS. By any means ALLI is a real gem. It is one of the few shares where market price is less than the NAV and having a PE less than 6 times.