Waah.. What a fake company to fool and loot investors!!
Checkout UH Zaveri Board committee link who has destroyed investor's wealth and also Palm Jewels who is about to destroy innocent investor's wealth!! One will find that both the links are same, only the Board committee name changes. http://www.uhzaveri.com/board.php http://www.palmjewels.com/board.php
Wah wah wah. Look at guts is same lead manager first overseas who came with same wholesale jeweller uhzaveri that destroyed wealth of 30 pc in 1 day. It has even same caste Shah and Gujarat jeweller. How come sebi is allowing fraud lead manager and such fraud company to come with ipo. Hope this achieve 0 pc oversubscription in retail.
please go ahead and apply all share or maximum that you can.
UH ZAVERI destoyed investor wealth 30 % in a single day and u r talking abt gautam gems. gautam gems may be with underwriters that twhy they artifically pulled it .
such kind of risky and fraud company should always be ignored. also they opened this for a week as to find bakras. once bakras that is retail investors trapped then on listing huge discount that is 30 pc
Everyone said to avoid UH Zaveri and yet it was over subscribed by 3.76 times in retail. I dont know who fool were they?
Whatever may be the fundamentals of the company, never apply for Jewellery IPO. The entire business is beyond understanding of a common man and one can never get to know the real figures.
Sincere apology to be little harsh to the jewelers community, but when they go public (thru IPO), it is their turn to be on a receiving end. Needless to mention "AVOID" or "SUBSCRIBE".
Sebi must have to make stringent compliances for SME IPOs. Relying on Lead Managers can sometimes mislead small investors for short term but in long term whole SME market will leave a black spot behind.
8. Sinewave| Link| Bookmark|
May 24, 2018 12:27:44 AM
IPO Mentor (600+ Posts, 300+ Likes)
Avoid at all costs.
S2 dealers of UHZaveri are not responding any calls. Purely manipulated issues.
i would request everyone to make complaints with sebi
1)out of last 10 issues 8 have gone down around 15-20 % of listing day itself. this is game played by its own operator to cause loss to ipo investors otherwise no one who apply actually sell at 30 pc discount on listing day as UH zaveri so clearly act of manipulator
2) first overseas came with almost similar issue like uh zaveri with same area Ahmedabad, for palm jewels looks like some kind of mili bhagat
3)all first overseas are manipulated .
4)look at the sellers in UH zaveri its too it too is Shah which clearly suggest some manipluator or their known person
5)make complaints to sebi to check who sold shares on day 1 at price discovery period and also observer buyer/seller for first overseas issues
6)every time first overseas is changing or switching market maker which again sounds strange as these things really look very suspicious.
please save innocent retailers as your contribution and complaint can actually restrict such LM first overseas to come with any new operator driven issues