Manoj Vaibhav Gems 'N' Jewellers Limited IPO Message Board (Page 12)

On listing day check equilibrium price till 9:40 a.m then place sell order at 5-10% price lesser than equilibrium price then your order will be executed at listing price.
In nutshell your order should be placed at price lower than listing price before 9:45 am.

​@Jetha Lal How do i place like normal sell order? Thanks in advance.i basically literally mean how do I proceed in upstox

GTT

​@Jetha Lal Sir, How and where to check eqilibrium price during pre open session ?

@RRPatel
Sir you are slightly mistaken
Corrected as below:
Allotment chances:
Retail-63747 applicant will get 69 shares each
BHNI - 1302 applicant will get 966 shares each
SHNI - 651 applicant will get 966 shares each
BHNI applicants are always double of SHNI.

​@Vineet Bansal 
Thanks for correcting me.
You are right as 1302 BHNI & 651 SHNI will get allotment in case of oversubscription

I have been allotted 1 lot in Chavda Infra. My 1st SME IPO. Should I sell on Monday or wait till Tue or Wed. Expect few upper Circuits...

If it's your first sme ipo it's better to sell it
Market conditions also not good

Thank you @Cyclodium for your advice. Even my broker at Motilal Oswal suggested the same.

Heavy bull run everyone is just milking bull market

i am c 75 IPO open at a time you r very new in market

Though rev per store is 150cr, its highly skewed as 1 store only contributes 60% of revenue.

​@UjwalG 
Devil lies in detail:)
They are showing themselves as jewellery retail chain but it looks like this is IPO of one particular store.
If we remove this store then this company is only worthy to come SME way in IPO.
Current margin & return ratios are better than peers but further expansion in Tier 2/3 cities are going to bring them down.

​@Jetha Lal  Yes correct sirji. Also except the flagship showroom(30000 sqft area) other showrooms are on avg 5000sqft and they each contribute less than ~5% of total rev. The ipo proceeds is gonna be used for 8 new showrooms, of 2500 sqft each!!. So i dont know how these showrooms will have revenue impacts in short term.
Agree that they are expanding fast, but these new ones may not contribute that much to topline growth

Hi @all,

Any help on this?

Do you have anything in written.

No @Bhukar .

Then please consult with advocate and file a case in cyber crime cell

Legal options are available but not sure you will get your money stuck in policies as you didn't have any commitments in writing
You can complain to RBI lokpal

And those who are reading this
Please don't believe in words, always try pen and paper
Explore all options perticularly approach nationalised bank or big HFCs for home loan
Keep your options open
If someone calling you aggressive than be careful it's fishing

It’s the matter of fishing RBI lokpal are unable to do anything it’s required legal action

@ Pangal.......

It is shocking what has happened with you.
You have told that the total policy amount is around 4.5 lakh. What does it mean?
What is the amount of premium you have paid for the first year?
I think life insurance policies have been issued in your name. Housing loan providers demand for life insurance policies (from any company) as collateral security .Generally low premium term insurance/long term endowment policies are taken for this purpose. Do you have any policy document/receipt ?
Life insurance premium is not refundable. If you pay the second year premium, it will also be lost. It is a fraud.
I shall share my view after hearing from you.

Dear @Pangaj Don't be like me 

Here if few things, I would suggest:

1) To get a home loan - approach a bank Private or PSU). Assuming you have the advance paid to the house owner has not been refunded to you and the property is still available for sale.

2) Since we don't know the terms of policy or the amount of insurance policy. Reach out to experts like Ditto Insurance.. call them up (it's promoted by Zerodha Founder). I am sure they will be able to explain you the terms and conditions of the policy much better. And also whether you needn't pay the premium.

3) If the policies are not actual policy. You will get to know after speaking to the ditto guys.. if the policy is a fraud policy. Take legal remedy and reach out to a lawyer.

4) You have mentioned "I lost my life hope also because of this issue" - Well monetary loss even Rs. 10 hurt especially if it's your hard earned money. But still it's not the end of the world. Stay strong.

Try to tell the issue to your family and friends if you haven't already.

With limited information, this is the best advice I could thing off.

Sad to read this... I would recommend you to consult with Labour Law Adviser (support@lla.in). They might be able to help you.

It is fraudulent sales of Insurance policy. I have also got similar calls. Contact insurance company and ask for refund. If not given contact insurance ombudsman. U will not get any loan, I m sure about that.

Dear,
Approach another nationalized bank for house building loan and put the existing insurance papers as collateral security. Bank demands insurance for sanctioning HBL. Hope bank staff will help you.

Hi @harit,
I have posted this mainly because other also not to take policy based on this kind of false promises.

Hi @asoke sarkar,

Yes. Policy amount is 4.5 lakhs..

Can't we get policy paid amount after 3 years?

Thanks all for your input specially @IpoZINDAHAI
Those who are working on insurance related work, please provide your input.
How can I come out of this..

@ Pangaj............

Naturally I see you very disturbed. You are writing good English. Still you are saying that you are not good in english . It is time to stand firm and regain confidence.
Keep in mind that misfortune does not come alone.
You may be a subject to further fraud , nobody knows in what way, as it comes in the knowledge of any fraudulent group. So any wrong step can put you to further trouble.
Some years ago ,some amount was withdrawn from my Axis bank a/c. The bank paid me the amount as it was a fraudulent withdrawal from Liechtenstein. As soon as I took the complaint to different level , fraudulent phone calls began to come.
So be careful of social media advice and other things.
You have asked me whether you will get refund of premium after three years.
For an endowment type of policy ( as I can presume in your case) the answer is no.
This is a trick widely used by the insurance agents. Keep in mind that if you pay one year premium or 2 to less than 3yr premium, you will get nothing.
If you pay three year premium, on surrender of the policy you may generally get an amount somewhat less than one year premium. But if you pay three years premium and not any thereafter, you will get the amount with some addition if any at the time of end of the policy which is a long time proposition and thus invites further loss.
So, you should not pay any further premium, if you are not in need of the policy.

From your limited information, I understand that you have paid an amount of 4.5lac. This will be lost.
Now what you can do?
1. If you have no document like policy paper or receipt , you don't know whether the policy has been done .In that case the relevant cheque will work as a document.
2 .If you have document with policy reference, you may act as follows:
A. Write in details to the relevant office and head office with the name of the agent demanding refund of premium as it is a fraudulent sale. Take acknowledgement. You may send email failing registered post letter. After 15 days give a reminder.
B. If you don't get any response within a month, wait for a few days and write to the insurance Ombudsman at the state headquarters address of which is available in the net. Ombudsman is an extra -judiciary authority whose decision is binding on the insurance company but not on you.
You may go to the Consumer forum of your district.
Write to the IRDAI with copy to the relevant office and head office with the mention of the name of the agent.
You may also go to the civil court but it is not advisable as it is long drawn where your lawyer will play and linger and the insurance company will move to the higher court.
C. If you don't find any ray of hope ,lodge FIR against the agent and the office .
Agent is the beneficiary in this fraud and office is happy with the fraudulent business.

Recovery of money is very difficult as you are to prove that it has been fraudulently done.

file a detailed full incident FIR for cheating & frauds,add IPC 406 420 113 120B and name all the persons involed in this scam...go to police station if police denies than go to DCP of that Zone and give written complaint and take another copy and take received stamp of that police station and take sign of receiver.Let them all go behind the bars that is the only remedy with you..go for legel...if you have any advocate friend or relative than take their help

Dear 💕

@Pangaj Don't be like me
Don't worry for you have already done but now just think & concentrate on what next you can do to minimize your loss. Firstly you have to be strong enough to fight with this biggies. Firstly collect & prepare the all documents whatever you have. Do you have any recordings with them? In short prepare the documents in this regard.

Secondly lodge cheating & forgery case in your police station with all the documents . Wait for the response from this authority and will decide further action as per the action.

One thing is very clear and note in your mind that one have to fight individually and win this battle. We shouldn't afraid with the struggles and fight firmly. All the best for your battle.

Sorry to say it's clear cheating with you and you stuck in their trap..I also got similar call for OD loan at 4% and they asked to give against policy and I understood nobody is my family members who come and donate me... whenever you get anything at special offer first think why they want to give you... sorry to give lecture but I really feel bad about you so writing... I don't think except cancellation of policy you can do anything if it's real policy...

​@Pangaj Don't be like me 
if what you are saying is real, then apart from implementing what others have said, contact Nitin Balchandani at Insurance Angels (insuranceangels.in). PLEASE DON'T HIDE ANYTHING.

Hi All,
Thanks all for your kind words.

Hi @json,

It is true brother. Story may be big but I told context of my issue

Everything is signed off & agreed by you, so you donot have any legal claim...
even if you consider getting a liar lawyer, they will promise to get all back and keep pondering you with their fees and after 7 years, you will realize that the system is too corrupt all coz of your ignorance and getting into gullible words of others with out any written statements....

just ignore all the acts, consider the investment made in policies as your experience fees and move on in life - find out ways to manipulate the Insurance company with various claims in the policy products. there are numerous ways you can get the claims,...

I am an insurance agent
You may ask the company to cancel the policy on the ground that I was misguided by agent for benefits as it is differ in policy document. U can only do this within 15 days of receipt of policy.
If 15 days is passed after receipt of policy, U may lodge the complaint with IRDAI against agent with real story and attach the copy of documents with complain. U may lodge it online also on " complaints@irdai.gov.in"
U may go to w.w.w. igns.irda.gov.in
Give the copy of complaint to the Agent as well as Insurance Company.
U may also lodge the FIR against agent for fraud.

Hi @Dagliinv,

What are the documents need to collect?

What about
Kalyan jewellers
Senco gold

Infact most of jewelry stocks given good rewards to investors

Titan is a pure gem but now it has become fat elephant and kind of valuation it trades now there is only EPS growth possible and maybe it can go sideway as well like what is happening in big banks or paint companies.

PNGS Gargi Fashion Jewellery Ltd - recent IPO.

30 to 275.

Krishna T ज्ञान देने से पहले पढ़ो PNGC artificial jewelry का व्यवसाय करती है,जो बिल्कुल अलग है।

GRALAY आप भी mentor जैसी बात करें, आप बताएं अभी किस jewellery शेयर में नुकसान है,SENCO
को देखें,PCJ में नुकसान का कारण अलग है, सोने का भाव कम नही होगा बस बिक्री होनी चाहिए

सबकी अपनी राय अलग हो सकती है पर सभी jewellery stock खराब नहीं है।

​@MITTAL Please reply like mentor!

PNG/Senco is one of the example, like you have mentioned Senco and PCJ too. @GrayIsTheNewBlack didn't mention either of them and everyone sharing individual opinion only instead of ज्ञान.