Shree Ganesh Jewellery House Ltd IPO Message Board (Page 42)

Fixed Issue price @ Rs. 260
As I said earlier, Expected trading on listing day: Range Rs. 260-300

I think it should give some listing gains. Compare it with Goldiam (pe-30 mcap-117 cr), Asian star (pe-85 mcap-1132 cr).

With USA & Western economies fast recovering demand for Indian Gems and Jewellery is bound to go up . So no doubt coys like Ganesh Jewellery will have a growing exports....So investors be ready to reap the gains !

Hey wat rubbish u guys talking about. Shree ganesh IPO is very god. its price at discount to industry average. This ipo will shine. there will be good listing gain of 25 to 35 percent atlesat.those who have not applied will regret. remember it.see INDIABULLS REPORT
SGJHL is being offered at a price band of Rs. 260 to Rs. 270 per share. On the basis of annualized PAT post issue the P/E of the company comes out to 9.78x at the lower price band and 10.15x at the upper price band and therefore it seems relatively good as compared to its peers Rajesh exports Ltd. (PE of 26.45) and Titan Industries Ltd. (PE of 32.5).

so be confident investors this issue will certainly list at 400. cheers

To D.T:
Yaar logo ko darao nahi, sirf kuch rs ke liye chirna-pharna sahi nahi :)
By the way, 500 on the listing day is only possible if operators becomes very active on that day for this issue. So I see to bribe some operators would be a better option :)

Enjoy and have fun...

To: Chitranjan
it is not PE but EPS. If PE becomes 45 then it should trade between Rs.1350-2025 which seems quite impossible within next 2-3 years.

I have applied for 100 shares and I think I should have applied for more shares. With a PE of 45 this share can go upto 500 quite easily. So those who are pessimistic, stop scaring people. I think low participation is because of money being blocked in DQ entertainment, Persistent system and other good IPOs.

Listing 500 kay nechay karanay walo ko phad kar rak duga.

it is going to give tremendous gains after listing.unique jewellery play with 45 eps.hence over long term--2-3 years even at 20 p/e it should be a 1000 rupee stock.
its going to be the real money maker.fundamentals backing and many people doubting.thats the best part to make it move towards 1000.

SGJH : GMP 1.50

Bunty
I agree with you that this company would prove itself more profitiably than Titan in long term. I too agree that 350 would touch within 2-3 days of listing. Those who have applied would be lucky.

To all the people who applied for this IPO: Don't panic just after seeing the lower subscription.
Though it will not give you huge listing gains but in a longer run it is surely going to be a hit.
My anaysis is based on very good financials of the company. Current EPS (FY09-10) is 30 and forward going EPS (FY10-11) is closed to 45 which is second best after 'Titan' in this industry segment. We all know Titan is trading at almost 50 times of its current EPS. Now anybody can guess where this issue should stand with such a commited management and sound financials.
As far as listing day is concerned, it should trade in range of 260-300.

its very rare that ipos where there is poor qib participation hv fared well on listing.the only exception were thinksoft or edserve which come to mind but then as well know these 2 ipos were massively rigged up by operators.

so i gave ganesh jewellery ipo a miss even it had positive opinion from business line,capitalmarket,way2wealth,n so many others.
so withdraw your application before allotment is finalised by writing to registrar

Dear Gem, but how can i cancel the application, i hhad applied via ICICI its not giving any such option to do that..

withdraw ur applcn or
stop payment ur cheque or
sale on listing if u get ur cost or little profit

gem ipo what are ur views in ganesh jewellers.

Thanks Bunti !!
i have applied for 4 lots and after reading your positive response i got some relief bcoz a lot of negative views are in air for this IPO..

Shan.

One cannot judge all issues on the basis of QIP & HNI subscription (eg. Thinksoft).
Let us hope that the market will remain strong and it will give some return to those who have invested.
Good luck to all.
Discl. I have applied for 4 lots.

AS HNI PORTION HAS OVERSUBSCRIBED MORE THAN 6 TIMES THERE ARE CHANCES OF SOME SPECULATION IN THE COUNTER.HOWEVER, IT IS NOT EXPECTED TO GO BELOW ISSUE PRICE.THERE WERE SOME UNOFFICIL TRADING IN BEGINNING @ 2900 FOR ONE LAC APPLICATION.I HAVE APPLIED IN THE ISSUE TAKEN SOME RISK.

I am 100% sure this issue will cross 350 even on listing day.Because its EPS foy Fy10-11 will be 45,so even at 8 PE it will be at 350.Moreover its margins are much better than rajesh Exports or Gitanjali or even better than Titan.They are using recycled gold for manufacturing which keeps their margins healthy.So Dont worry be happy