Bhakti Gems and Jewellery Ltd IPO Message Board (Page 2)

The other SME IPO (Yug Décor Ltd) is also disappointing (than Bhakti).
Asking PE is 71 compared to its peers trading at PE of 20 and 30.
Also the DE ratio is 2.1.
This SME too is a cliche "Yet another SME IPO from Gujarat".

Try to see this video (review of this SME IPO).
It has few more points (and people always prefer watching than reading).
https://www.youtube.com/watch?v=OCDC-tJuPF4

Yet another Gujarat based SME IPO!!! Hmm.
Can someone give me a count of SMEs from Gujarat? I''m sure that the numbers will be twice than all others collectively.

It''s such a sham that these companies are coming for IPO and laughing on our face.
Don''t be deceived that it will become multi-bagger; it is multi-beggar IPO.
Stay away.

Cash flow too is negative (PFB). So, this is never good sign to invest.
Cash flow analysis (Rs.in Crs.)
Year end            Mar 16       Mar 15       Mar 14       Mar 13       Mar 12
NOPAT       0.02       0.02       -       -       -
Operating cash flow       -0.83       -1.32       -0.26       -0.42       0.26
Free cash flow       -0.80       -1.32       -0.22       -0.42       0.27

Key financials (Rs.in Crs.)
Year end            Mar 16       Mar 15       Mar 14       Mar 13       Mar 12
Net sales       19.30       18.40       11.22       9.12       6.61
Operating profit       0.05       0.05       0.08       0.09       0.06
Net profit       0.01       0.01       -       -       -
Equity cap pd       0.56       0.25       0.25       0.25       0.25

Key operating ratios:
Year end            Mar 16       Mar 15       Mar 14       Mar 13       Mar 12
EPS(Rs)       0.19       0.60       0.06       0.14       0.12
Book value(Rs)       50.09       49.76       48.87       48.81       48.67
CEPS(Rs)       0.18       0.40       -       -       -
NPM(%)       0.05       0.05       -       -       -
OPM(%)       0.26       0.27       0.71       0.99       0.91
ROCE(%)       1.02       1.49       3.81       5.25       3.60
ROE(%)       0.49       0.81       -       -       -
Debt/equity       0.93       1.19       0.50       0.25       0.14
Interest cover       2.00       2.00       1.00       1.00       1.00

I WANT TO SELL MY APPLICATION IN RAJKOT...WHAT IS SUBJECT PRICE OF IT?

Issue is reasonably priced. Investors may consider short to long term investment. I think looking to the current re-stated Financials this company looks good. 4-5 rs upside can be possible on the day of listing.

@ipoanalysis,

Company has a good P\e it is only 19 and no industry pe is availabe for comparison and 19 p/e show the company has good for investment .

Recommendation only after analysis financial information of such company.investors wait few days.

What about MEERA listing?
How much llisting gain is possible?

Applay kare ke nahi ? Kitna ritarns milega gmp he