Shree Ganesh Jewellery House Ltd IPO Message Board (Page 41)

don't use other's name if you are a good advisor than use your own name and don't try to spoil any one's image. BE A GOOD INVESTOR AND ADVISOR.

Thanks

THE BELOW MESSAGE IS NOT WRITTEN BY ME SOMEONE ELSE IS USING MY NAME .
NEVER GO BY GREY MARKET PRICE ILFS TRANSPORT IS A EXCELLENT COMPANY AND ALL INFRA STOCKS ARE BOOMING. KEEP HOLDING

GREY MARKET PRICE CRASE-------
ilfs=============== 15-20,
pradip------------- 5 - 7,
persistant========= 50 - 55,
shree ganesh======= -25 -30,
intrasoft========== 8 - 10,
goyenka============ -10 -15,

looks like people who have applied are giving positive news thinking it might give small listing gain.

if they say promoters have good background then what they think of gitanjali gems which is pan india presence and ipo price of 195 listing was at 178 and now ruling at 125. do they have poor management. why is it that other ipos have good response and all jewellery ipos like thangamayil,goenka and shree ganesh did not get good response.
mark my words you can easily get this stock at 225 -235 rs level on listing

Those who are talking only about listing are not investors at all. I completely agree with all the positive views. This stock will definitely fly. Just wait for a month or two.

Surely list above Rs. 280.00 seeing the fundamentals and background of the promoters

THE PERSONS WHO ARE SAYING THAT THIS ISSUE WILL LIST AT A DISCOUNT ARE WRONG AS IT IS A VERY GOOD COMPANY THE REASON MAY BE THAT THEY HAD MISSED THE OPPOTUNITY TO APLLY THIS IPO OR THEY HAD NOT STUDIED THE FUNDAMENTALS OF COMPANY OR NOT COMPARED THE DATA WITH THE EXISTING PLAYER OF SAME LEVEL. EARLIER THIS ISSUE WAS TRADED IN THE GREY MARKET IN PREMIUM. WHY NOT NOW, BECAUSE THE PERSONS WHO HAD MISSED THE OPPRTUNITY OF APPLYING IT WANTS GET IT AT LOWER PRICE THAN THE ISSUE PRICE THUS EVERYONE WHO HAD INVESTED IN THIS COMPANY DO NOT PANIC

I fully agree with posts 249 to 252 and disagree with 248 IPOEXPERT. A company with a CARG of 30% above have always rewarded shareholderrs. The CARG of Shree Ganesh Jewellery is well above 30% with a decent turnover of Rs.3,000 crores for fy 2009-10. If the market sentiment is not good, it may not give good gains on listing day, but once the FY 2009-10 results are out, it may touch minimum Rs.300/- with expected EPS of Rs.43/-. After all, markets are slaves of valuations. Market can no longer ignore decent valuation of Shree GAnesh.

Excellent Company with excellent track record, the recently listed thangmyle jewellry is trading at 9.28 PE if we take the same PE the EPS for sep, 2010 is around Rs. 18.97 and considerig the growth rate as shown in the previous results the dilluted EPS will be Rs. 42.00. thus the listing price should be around 400 to 420 comparing it with listed peers it had a premium over the existing players moreover the orher compnies listed like Rajesh Exports and titan are trading at 30 to 32 PE. the investors who had not invested have to repent over their decision as this is going to give you good returns. the reason of lower subscription is that there were 5 issues which were prior to this which exhausted the financial power of the investors. Moreover the refunds of DQ were not received on the last closing day. Thus, do not worry it will 2nd. rajesh exports with in the coming one month.

Ganesha Jewellery is a solid company with high NPM.So don't worry . It will prove to be an excellent investment!

PEPLES WHO ARE SAYING THAT THIS IPO WILL LIST AT A DISCOUNT ARE WRONG BECAUSE THEY HAD NOT STUDIED THE FUNDAMENTALS OF THE COMPANY. WITH 48.00 CRORE CAPITAL ACHIEVED THE TURNOVER OF RS. 2800.00 CRORES APPROXIMATELY AND EARNED A NET PROFIT OF RS 132.00 CRORES WITH THE PROJECTED EPS OF RS 40.00 FOR THE CURRENT PREVAILING YEAR FUTHER THE SALES COMPRISES OF 95 % OF IT EXPORT TUNOVER. FURTHER YOU CAN SEE THE GROWTH ACHIVED BY THE COMPANY DO NOT WORRY ABOUT LISTING IT WILL SURELY LIST ABOVE THE ISSUE PRICE OF RS 260.00

VERY GOOD IPO AS THE PROJECTED EPS FOR 2000-11 WILL BE AROUND RS. 40.00. AS THE LISTED PEERS ARE PREVAILING AROUND 8 PE THUS THE ISSUE SHOULD LIST AT RS 320 ON LISTING DAY AND CROSS 400 WITH IN A WEEK. WHILW THE RAJESH EXPORTS IS PREVAILING AT 30 PE AND NIM OF 0.75 WHILE THE NIL OF SHREE GANESH IS APPROXIMATELY 5.58 IIND AFTER TITAN THUS DO NOT WORRY DUE TO LOWER SUBSCRIPTION

Ganesh in a fundamentally strong company. It has solid revenues and profits. In FY11 it will surely post profit in the range of 150-160 cr. The growth & revenue projection plus the order book also look strong and acheivable. It is the biggest exporter of Gold Jewellery in India and thats the reason it should command better PE than its listed peers. I am sure it is going to give good listing gains and will move upwards in longterm.

HI Chitaranjan,

why are you dreaming of such price you should forgot about even a single rupee gain as it will defintely list below issue price.
check all jewellery ipos in the past all have gone down below issue price on listing. all are ruling at 5 p/e. there is no interest among f1 for such stories.

the management should have priced it between 180-1200 to leave something on table but no they were greedy enough and took advanatage of good market.

can any one tell about the management of this company..? its only brothers..2...family company... beware there is no professionalism in this company and basic fundamentals also to be looked into..

LOOKING INTO THE SUBSCRIPTION THE MANAGEMENT SHOULD ALLOT THE SHARES AT LOWER BAND SO THAT INVESTORS MAY EARN SOMETHING.THIS ISSUE MAY GIVE RETURN AROUND 10%.I DO NOT EXPECT IT IN MY DREAMS TO REACH IT 500.LET US HOPE FOR GOOD LISTING.ATLEAST NO LOSS AS WRITTEN BY SO MANY EXPERTS ON THIS PAGE.

Hi Rahul- I actually mean to say eps of 45 and a pe of around 10-11 means share at around 500

This share will bring out BLOOD on D street...
It will give huge listing losses...

Really dont know why people apply for share with so meagre subscription on the final day...

Assume a 30-40% loss

Demand of gold Jeweelery is increasing day by day.Moreover this company is specialised in handicraft jewellery which has very high margin area.So take my words ypu will get atleast 25-30% appreciation on listing day.If u have some patience,than you will get target of 400 wihin one month.

there are always some people who are in support of these kind of issues. I got trapped and lost around 3.5k on 48k investment in Hathaway. This IPO will not give any gains.
Sell at opening and save whatever u can, if u have applied.