Shree Ganesh Jewellery House Ltd IPO Message Board (Page 48)

@ Ankit well said seems now i will apply.

Seems, It will be a decent IPO for the investors Its not expensive. Also since lot many people will apply in Persistent it has been ignored. This IPO will give good listing gains.

One thing to note they have alloted shares to anchor investors @ 260 strange.

Should I apply for this IPO or not??
Please guide me...

Hello Everyone ,
After reviewing some of the posts just wants to share vital info regard to Shree Ganesh is :
The company is uniquely placed and mgfring plain gold jewellery where as other cos revenue are from cut and polished diamond,Shree ganesh having a set up to mfg all kinds of product and major revenue are from export it not only has credit suisse as investor but KPMG as auditor besides having large skilled work force ,best designers,CRISIL rated and CARE rated company,again solid corporate governance as only two members of family are on board rest are independent directors including credit suisse director,this company has been paying dividend since last 2 yrs and has strongcustomer base and has no exposure in Europe an America.As such not comparable to any company it has a niche in mgf and valuations are prettyreasonable co to the market as it has already made a PAT of 80 Cr in 1st two qtrs of 2009. As tarck record goes generally the last two qtrs are always better and as such valuation are on PE of 5.5

Joshi - Active Investor-research.

SP Tulsian has strongly recommended this issue. So definitely do not apply a the IPO will fail on listing as with other Tulsian's recommendation.

i think promoters should be taught a lesson in this as they have not left anything on the table and asking for highe p/e than the larger player gitanjali

retailers beware of this ipo. it is very expensive ipo.

this does not have a great brand name like gitanjali and still asking for p/e more than gitanjali gems.

jewellery are not liked by fii so can easily get at discount on listing day.
check thagamayil jewellery which was offered at less p/e of 5 still was available at discount on listing.

morever thangamyil was a very small ipo of 28 crore whereas shree ganesh jewellery is a 350 crore issue .

please stay away from this ipo to save money

what should be done with this?

can i apply this for full application for the listing gain.

because i definately sell this on the listing day
so will i get good return or not?

Guide me?

thanks?

What about the IPO??
Should I apply for it or it's risky??

Shree Ganesh Jewellery House Limited...

PAT for March'10 Rs.175 Crs ....Diluted EPS 29/-
&
PAT for March'11 Rs.235 Crs ....Diluted EPS 39/-

GMP 17-19 ..... Expected listing .... Rs.300 - Rs. 325

Msg .No. 105.
By munna
On Mar 18, 2010
at 4:09:37 PM IST

Sorry Dost,

I stand corrected ...You were right, I was wrong.

... my intention was not to misguide.

what grey market preum and kostak in ganesh today?

Capital Market rating 43 for this IPO. Details at URL http://www.capitalmarket.com/ipocentre/nimshow.asp?code=34493.

NRI you are right i have hold GITANJALI JWELLERS.22 Rs.EPS price Rs. 117

FY10 EPS- 26.58 (POST ISSUE )

PE- 9.78-10.15

IN FY 09 gitanjali gems has sales of 2693 crore and profit of 180 crore where as ganesh house has sales of 2218 crore and profit of 132 crore.
so, gitanjali gems is more a bigger player and when ganesh house will list then gitanjali gems will rise as P.E. IS 7 now

eagleye WHY ARE YOU MISGUIDE, GIVE GMP CORRECT,GANESH SELLER AS ON 17TH WAS 19\= & TODAY 15/=

Lot size is 25 shares.

What is the lot size?

Shree Ganesh Jewellery House Limited...

PAT for March'10 Rs.175 Crs ....EPS 29/-
&
PAT for March'11 Rs.235 Crs ....EPS 39/-

GMP 22/- ..... Expected listing .... Rs.300 - Rs. 325