As Vaibhav Gems is mostly concentrated in Andhra Region Vizag, may be because of Political unrest in Andhra Pradesh, by Arrest of EX CM Chandrababu Naidu.. Tend to see lower sales in coming days. May impact the Business.. But Looks like company financial are good and coming with lower valuations.. Good to apply, where as QIB force not coming making me to think once again.. Should we go now or wait for listing then purchase.. Other part is this company is completely lead by Women.. Promoter / CFO.. Right now I am sitting on wall and waiting for QIB. If got atleast 5x from QIB will jump in or else will see this in listing day...
126.1. Mr. Singh| Link| Bookmark|
September 26, 2023 2:00:29 PM
IPO Mentor (700+ Posts, 500+ Likes)
I enquired with my colleague who is in Hyderabad. He said it's normal Jewellers. So QIB may not be interested as they do not have much brand name. It may reward if promoters are genuine. However not an easy task to analyse that promoters are genuine or not if company does not have very good brand name in their area.
Out of 13 stores 11 are in AP. So brand is not known to hyderabad people
125. Seth.| Link| Bookmark|
September 26, 2023 12:29:49 PM
IPO Guru (1100+ Posts, 500+ Likes)
@Jetha Lal What are your final decision here bhai? Fundamentals sounds good but no fency and peer are at same valuation. Subscription would be definitely less , risk should taken?
125.1. Jetha Lal| Link| Bookmark|
September 26, 2023 2:03:53 PM
IPO Guru (1000+ Posts, 2100+ Likes)
I am not applying in this.
Avoid risk and better go FF in JSW.
Valuation is decent in MVG and Anchor book was full of SME IPOs Anchor investors. Since QIB is not coming so it looks bit risky but jewellery stocks are performing really well right now and if you have surplus cash & can take 5-10% downside risk on listing then may apply in retail. it may move up post listing if demand comes for this.
125.2. Seth.| Link| Bookmark|
September 26, 2023 2:14:36 PM
IPO Guru (1100+ Posts, 500+ Likes)
Thanks got it☺️ Avoiding it
125.3. The Nest| Link| Bookmark|
September 26, 2023 2:57:33 PM
Top Contributor (200+ Posts, 100+ Likes)
I am also avoiding and go FF in jsw
124. pRACE| Link| Bookmark|
September 26, 2023 2:56:59 PM
Top Contributor (200+ Posts, 100+ Likes)
lagta hai ki QIB ka paisa bhi unblock nahi hua hai,,,,