Manoj Vaibhav Gems 'N' Jewellers Limited IPO Message Board (Page 1)

Sir,  @Jetha Lal on paper and valuation, the company is good. I see the company getting hit from all sides, viz. fall in gold prices recently, supposed work by so-called punters at their job, less enthusiasm from QIB. Although the business is concentrated but as you earlier said, all this works in short run and in long run fundamentals prevail. Even though i did not apply, but the appeal is there to invest in this? Trying to learn from you, is this approach fruitful or some misconceptions are present in this?

Thanks.

haha liked for hashtag sir

​@MuStrFc Ji,
My decision to not apply in this IPO was based on disproportionate distribution of revenue among stores where a single store is contributing 62% revenue.
There was lack of demand from Institution investors as well.
On paper financial and valuation look decent but I will need more clarity from management post quarter result in Concall and then I can understand their business model in better way.
This company shouldn't be compared with Senco rather it should be compared with TBZ which too has valuation like this one.

Though I will ponder over it and if I will find something fruitful I will let you know.
I am not going to put my money in it presently until I watch quarter result and management concall.

Thanks 🙏

​@Jetha Lal  Thank you sir, for letting us know of your thought process regarding this.

Jetha lal ji definitely you have valid point but just putting my point... This is B2C company and from 1 store they have income of 62% plus I am not talking about 20% related party transactions... I see this as trust of people on the brand... moreover I see opportunity of other store in growth..and it's fastest growing company in Andhra and some rather than scattered business and not doing well at all locations is not better compared to business at single location... plus it's price giving comfort for downside risk and now in 3 days delivery is nearly 44 lakh share out of 60 lakh...so it has potential like few muted ipo like bikaji, Medanta, recent Jupiter for 20-30%(I hold all in HNI category app and also have this in HNI and not going to sell before 100% gain) short term gain and 100% gain in next two years...
It's just my view and I may be wrong also considering all expert are on other side and seeing something which I could not able to see as learner...

This stock will certainly come on JAINSAB KE GEMS after some time bcos it fulfills his criteria of choosing stocks

​@Jetha Lal Respected Sir, what are other forums where we can get good information and suggestions about Stocks please?

No listing Loss also :)

Abans holdings
Inox green energy

So true. It's strange to see such reverse enthusiasm in a decent business like this.

Abhi dekho kya bhaga hai ye

Got 1 retail
Couldn't sell on listing bcos of eKYC issues (same was happened in vprpl with other account)
So now just watching

​@haritji, the same thing happened with me in Senco Gold as my sister had got the allotment and she doesn't actively trade. But it was a blessing in disguise, you see.

​@Crow can you tell me exactly how did you managed to exit exactly @222? The window for exiting at 222 was very brief and I managed to offload only fraction of my holdings at that price, for the rest I had to settle for less.

Following are my assumptions:
1. Being a Crow, you can see the future and already knew 222 will be high of the day and had placed Sell order in advance at 222.
2. Must've used some advance technique with trailing stop-loss.
3. You're making use of CrowAIBot for executing your trades.

If possible, please do let me know, not expecting to reveal your secret though :D

​@PeterEngland, this was a mere fluke. I was tracking the counter post 10 AM and it was hovering around 218-219. Selling at 219 meant I could keep just 1 share as profit (out of my retail lot of 69 shares) after taking out the principal. So I calculated that at 222 I could keep 2 shares, so I placed a sell order at 222 and it immediately hit. The same thing happened with SAMHI Hotels last month.

I'm just a crow with a tight beak that keeps profits as shares forever. I'm not a clairvoyant, use stop-loss only when I'm getting rid of my laggards (LIC, recently), and thinks the CrowAIBot has real potential. Keep crowing!