@newgen consultancy if we take GMP of 92 Rupees, P/E after listing comes at around 41 times, which is I think way high compared to other jewellers. I am from Indore and we have very famous jewellery store called DP Jewellers (DP abhushan limited) which currently trades at P/E of 25 times and has doubled in near of 6 months. They are expanding their business to UAE also. They are also posting robust growth of 35-40% YOY. I guess DP Abhushan could be a good choice. also I think Motisons would be very expensive after listing.
24.1. Paymzia| Link| Bookmark|
December 12, 2023 10:04:58 AM
IPO Guru (2700+ Posts, 4700+ Likes)
Yes
24.2. Ankur Goel| Link| Bookmark|
December 12, 2023 1:38:08 PM
IPO Guru (1300+ Posts, 600+ Likes)
Allotment will be tough due to its size and small size issues are darling of operators. They will manipulate it as per their mood. Same happened in Plaza cable.