Goenka Diamond & Jewels Ltd IPO Message Board (Page 26)

Dear Ms Lata, Thanks for the precise answer on ASBA. I too shall get it.

INTHIS IPO BROKER R GIVIN 600 RS. INCENTIVE

Thanks Ajayshare for commendable reviews.

for guest buy hindalco or sesa goa also on the place of punj, cairn, ntpc for better gain. hindalco can touch 218- very soon. Do own calculation also. Hold Guj. nre.

84 Akshat Shah,

A substantial impovement in your message ( language ).

Any way its all in day trading ( would you like to add anything on my query )

Guest.

Thanks guest for ur efforts also and also thankful to administarator of Chittorgarh team.

Company Background
GDJL is promoted by Mr. Nand Lal Goenka, the creative entreprenuer, who is the brain behind the company, with over 40 years of experience in the gems and jewellery business alongwith his sons, Mr. Navneet Goenka and Mr. Nitin Goenka.
GDJL is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. The Company was initially in the business of export of coloured stones. Thereafter the company expanded into diamond trade in 1994 and manufacturing of diamond studded jewellery in 2003. The company’s cutting and polishing activity was boosted in 2006 when the company established its own diamond processing unit at SEZ in Surat for processing of rough diamonds. In 2007, they set up another facility for processing of rough diamonds in Mumbai to cater to the local market and for their jewellery making operations. The company scaled up its diamond jewellery making operations by establishing a dedicated manufacturing facility in Mumbai and launched its first jewellery retail store in July 2008.
The company’s diamond jewellery is under two brands viz. CERES and G WILD catering to specific segments. They retail high-end diamond jewellery under the CERES brand targeting the top-end segment of the society while G WILD focuses on internationally designed diamond jewellery targeting the youth. The product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold. The company’s in-house team along with some select freelance designers undertake the designing of jewellery for its brands. They currently have presence in retail through 3 company operated G WILD stores, 1 store under franchisee and 1 shop-in-shop for G WILD.
The company has access to consistent supply of rough diamonds of desired quality, at a competitive price. They source rough diamonds from a variety of suppliers in Hong Kong, USA, Russia and the local Indian market. The company has acquired 95% stake in M. B. Diamonds, a LLC registered in Russia in March 2008 to enable them to import high quality and competitively priced rough and semi-processed diamonds from Russia. They supply the polished diamonds primarily to wholesalers, jewellery manufacturers, traders and retailers based out of Hong Kong, South East Asia, USA, India and other countries.

Many tahnks to Chittorgarh.com staff for removing offendable message ( from Akshat Shah ), your sincere efforts to keep the blog clean and in true spirit of community involvement & conversation is praisable.

Hats off to all of you.

Thanks - Guest

SREEDHAR COPIES MOST OF THE COMMENTS OF GEM IPO FINDER, OR BOTH SHARE SAME VIEW?
SREEDHAR PLZ EXPLAIN?

To Sreedhar
I have heard stuff about investing in goenka due to its business model being very weak. Some of its financials are not credible. I do not understand the requirement of investing in a loss making russian subsidiary. Jewllery retail also has not shown much expansion apart from gitanjali making some hype , that to due to its endorsements with various celebs...This brand expansion agenda is not digestible. What is your take on it ??
Also what about Shree ganesh?? It has much better financial strngth and credibility with credit suisse as pe.

Investguru,Goenka is an OK Issue.You can apply for it.Due to demand supply mismatch(People will get DQE refund by then & even NMDC FPO shares will hit market most probably on 25 & since this is the only IPO presently in the market). It will give 20-25 % listing gains .

goenka does not seem to be a good ipo to invest in sreedhar??

whatsay about goenka diamonds ipo guys?? is it worth the ask...

business line says intrasoft avoid goenka avoid ganesh invest

Jaymin,It should have debited by now.it means there was some problem & I think your application will now be rejected.Where did you submit the form?My friend had a similar problem for Man Infra,His cheque was not debited.He had submitted his form at Karvy.When he enquired the reason It came to be known that there was a signature mismatch.You also enquire with the people to whom you had submitted the form.

Nice to see so many new entrants in the discussion board & few of them benefiting from the blogs.

can someone tell if i can apply from my huf a/c in ASBA .
my bank tells me only individuals can apply not huf. for that reason i have been applying in my & my wifes name but not huf
is this true

GEM IPO FINDER, SHREEDHAR ...
Will you plaese advise me.
I am holding few scrips as detailed below

BHARTI AIRTEL averaged @333 x 250
CAIRN INDIA @272 x 200
DB CORP @257 x 250
GODREJ IND @184 x 750
GUJ NRE @83 x 250
GVK POWER @48 x 2000
MIC @48 x 2000
NHPC @36 x 2000
PUNJ LLOYD @189 x 250
VINATI ORGANICS @81x 500
What should be the near term Targets.
Thanking you in advance - Guest

I agree with LATA. Everybody must opt for ASBA. Hi..Iam not getting that your comment (57) 'with one on line application, five members of a family can apply" please clarify, Iam not getting that..

sreedhar,
not necessary that all the consecutive serial no applcn will be alloted always but they have better chance of allotment it is very very rare that u not get any allotment i bid for 6 half in PSL now i m felling that at least i will get 2 allotment out of six

here in kolkata many sub-brokers who keep ipo form pay cash incentive when ur cheque is cleared amt depends on qlty/size of ipo