Best to invest in this. Based From Diamond City Surat. Go with this. Good IPO.
They have independent sales and distribution networks for their products. Most of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets.
Company was in loss in 2016 and earned profit of Rs. 34 lakhs in 2017 and it is high chances that it will earn profit more in next year. Well u can''t get any better than this...
Invest for good return.
13. Rafiq| Link| Bookmark|
September 9, 2017 11:08:46 AM
IPO Mentor (500+ Posts, 400+ Likes)
Company was in loss for the year 2016 for rs. 21000+ rupees and suddenly were in profit for 31 lakhs in 2017.
There is something fishy. Also now.a days loy of diamond companies are there in market. Let me analyze the things and i will repost.
As per details given in DRHP, 2015 was first year of operations, hence loss of Preliminary expenses is being seen, Company has started its operations in SEZ unit in 2016, and thus has resulted in profits.
With more funds available for expanding operations, This seems to be a safe bet for long term investors!!
Great track record as the Company has acquired international business of proprietorship firm of promoter.. with enhanced working capital, better returns for investors are expected
SAGAR DIAMOND LISTED IPO is good option for investing in share market. THIS IPO IS BENEFICIAL IN SHORT TERM AS WELL AS IN LONG TERM PERIOD. CHANCES OF INCREASING RATE OF SHARES IS VERY HIGH IN FUTURE.
Sagar Diamonds IPO looks very promising. Great potential in exports.
Great track record as the Company has acquired international business of proprietorship firm of promoter.. with enhanced working capital, better returns for investors are expected