C Mahendra Exports Ltd IPO Message Board (Page 12)

DO ANY BOARDERS HAVE ANY INSIDER INFORMATION ON "SHREE ASTHAVINAYAK CINE".

THE STOCK HAS FALLEN QUITE CONSIDERABLY IF U LOOK AT THE CHART OF LAST ONE MONTH THE STOCK HAS FALLEN FROM 48 TO 10 , BUT IN LAST SIX MONTHS IT HAS ALSO MOVED FROM 13 TO 50 AGAIN CAMEBACK TO 10.

I M WATCHING THE FALL FOR THE LAST ONE MONTH CONTINEOUSLY. ITS A SURELY OPERATOR DRIVEN STOCK AS ALWAYS TRADED AT VERY VERY HIGH VALN. THAN ITS PEER UTV AND NOW EROS RECENTLY IT HAS A BIG SUCCESS FILM RELESED " DABANG".

IS THERE ANY SCAMMMMMMMM!!!!!!!!

ITS A NEW BUT WELL KNOWN CO THE PROMOTERS HAVE ALWAYS LIED ON TV IN GIVING DETAILS OF INFORMATIONS, I HAVE FOLLWED THE STOCK SINCE LISTING IN EARLY 2007 AND HOW THE STOCK PRICES WAS RAMPED UP.

IF ANY ONE HAS ANY INFO REGARDING THE CO KINDLY SHARE.

I HAVE PURCHAISED SHARES OF ASIAN STAR AT THE PRICE OF 1800/00 NOW IT IS QUOTED AT 900
ANY ONE GUIDE ME THAT SAME BUSINES DONE BY MAHENDRA EXPORTS
I CAN APPLY OR NOT
PL.GUIDE

Dear Friends,

C MAHENDRA EXPORTS ROUGH AND UNPOLISHED-BEWARE

Do not invest in a business, one does not understand it - an adage. Diamond business is one such. Unlike gold, the diamond as a commodity is not standardized, in a way, that the man on the streets understands its intrinsic and true value. And most importantly, being a totally family and close circle business, there is complete lack of transparency in the business, with only the promoter manufacturers / traders knowing what is what, and the buyer is more often completely in the dark. Even the bankers who have been financing the trade for decades, concedes, valuation is a matter of concern. It has limited resale value, unlike gold and silver, and is illiquid in comparison. With the exception of some, the companies in this segment lack corporate governance and are subjected to Income Tax and Customs raid periodically. The recently listed Goenka Diamonds and Shree Ganesh Jewellery have given negative returns to the investors. Even the shares of the established players like Classic Diamond, Suraj Diamond and Shrenuj Diamond are not fancied in the exchanges.

Now we have one more IPO from the same segment. C. Mahendra Exports Limited, is entering the capital market on 31-12-10 with issue of 1.50cr equity shares of Rs 10 FV, in the yet to be decided price band. The issue closes on 06-01-11.

YES Bank Limited and Anand Rathi Advisors Limited are the BRLMs. Anand Rathi is not known for bringing quality issues at attractive valuation. In the recent past, the two IPOs managed by them - Euro Multivision and Pradip Overseas are trading at discount to issue price and retail investors have suffered losses.
C.Mahendra Exports / Group is an integrated diamond and diamond jewelery player, from sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewelery.


The group has marketing entities in Hong Kong and USA to cater to some of the major markets for cut & polished diamonds and diamond jewelery across the globe. Currently, the Group has around 8 marketing offices spread across Surat, Mumbai, Delhi, Kolkata, Hong Kong, New York, Los Angeles and Antwerp.

At present the Company has two facilities for cutting and polishing of diamonds at Varachha and Udhana, in Surat.

Thanks Sreedhar

I am planning to buy and hold for 3-4 months...Does this require a longer hold or one can take advantage in 3-4 months time period?

Aurobindo Pharma @ 1285 if i get a chance tomorrow
L&T @ 1940
Housing Dev Finance Corp @ 695

all are hold

Please share your views / advice for following stocks for a period of 3-4 months
Aurobindo Pharma
L&T
Housing Dev Finance Corp

please wait many of the psu coming soon for fpo likely hcl,sailand ioc.please dont block your money in other than psus

you believe other than psu stocks please reduce your number of lots.dont apply ceiling level.

dear mahesh
ASBA is ipo application supported by blocked amount.Which means when u apply for an ipo through your bank online or by filing an ASBA form your appliction money remains blocked in your account and is released by your bank only if you get any allotment and the amount takenout is only the cost of shares that u have been allotted. Thus your money remains in your accont and you earn interest on it.

let us all collectively start a campaign to inform SEBI that the increase of IPO application to 2 lacs is not beneftting the small investors at all.unless we raise a voice we will not be heard.

diamond expoter we can not rely on it may polish our portfolio

Sreedhar,

The familiar names might have responded in their original name. Like me. I did not fill the form in my forum name "Gane". Instead i used my original name.

Thanks.
Gane.

Hi sreedhar,

There are many silent followers of you and your posts like me.!! So the unfamiliar names for your survey.! Keep up the good work.!

Nasir

Hi All....Do you know? you can take limit on your current share holdings and use that overdraft limit to apply for IPO through ASBA applications without paying any interest. Mail me for any other query amit5155@yahoo.co.in

Latest Holding of Rakesh Jhunjhunwala on 1 November,2010

Name of Company Invested in Name of Shares

AGRO TECH FOODS LIMITED Rekha Jhunjhunwala 849559

AGRO TECH FOODS LIMITED Rakesh Jhunjhunwala 1153700

APTECH LIMITED Rekha Jhunjhunwala 2000000

APTECH LIMITED Rakesh Jhunjhunwala 3152100

ALPHAGEO (INDIA) LIMITED Rakesh Jhujhunwala 125000

AUTOLINE INDUSTRIES LIMITED Rakesh Jhunjhunwala 520000

AUTOLINE INDUSTRIES LIMITED Rekha Jhunjhunwala 731233

Bilcare Ltd. Jhunjhunwala Rakesh Radheshyam 1735425

Bilcare Ltd. Jhunjhunwala Rekha Rakesh 267500

Crisil Ltd. Jhunjhunwala Rakesh Radheshyam 550000

GEOJIT BNP PARIBAS FINANCIAL SERVICES LIMITED Rakesh Jhunjhunwala 18000000

Geometric Ltd. Jhunjhunwala Rakesh Radheshyam 3955000

Geometric Ltd. Rekha Jhunjhunwala 850000

HINDUSTAN OIL EXPLORATION COMPANY LIMITED Jhunjhunwala Rekha Rakesh 1887273

HINDUSTAN OIL EXPLORATION COMPANY LIMITED Jhunjhunwala Rakesh Radheshyam 4785143

ION EXCHANGE (INDIA) LTD. Rakesh Jhunjhunwala 650,000

KAJARIA CERAMICS LIMITED Rakesh Jhunjhunwala 2502642

KARUR VYSYA BANK LIMITED Rakesh Jhunjhunwala Group 2041172

Lupin Ltd. Jhunjhunwala Rakesh Radheshyam 2183581

Lupin Ltd. Jhunjhunwala Rekha Rakesh 1065254

Mcnally Bharat Engineering Company Ltd. Jhunjhunwala Rekha Rakesh 480078

Pantaloon Retail (India) Ltd.-B-Dvr Jhunjhunwala Rekha Rakesh 210589

PRAJ INDUSTRIES LIMITED Rakesh Jhunjhunwala 11678624

Prime Focus Ltd. Jhunjhunwala Rakesh Radheshyam 250000

Prime Focus Ltd. Jhunjhunwala Rekha Rakesh 632500

PROVOGUE (INDIA) LIMITED Rakesh Jhunjhunwala 1900000

PUNJ LLOYD LIMITED Rakesh Jhunjhunwala 3790000

Rallis India Ltd. Jhunjhunwala Rakesh Radheshyam 602007

RISHI LASER LTD. Rakesh Jhunjhunwala 380,000

Srei Infrastructure Finance Ltd. Jhunjhunwala Rekha Rakesh 1250000

Titan Industries Ltd. Jhunjhunwala Rakesh Radheshyam 2828455

Titan Industries Ltd. Jhunjhunwala Rekha Rakesh 981694

V.I.P.Industries Ltd. Jhunjhunwala Rakesh Radheshyam 380000

Viceroy Hotels Ltd. Jhunjhunwala Rakesh Radheshyam 4250000

Viceroy Hotels Ltd. Jhunjhunwala Rekha Rakesh 500000

ZEN TECHNOLOGIES LTD. Rekha Jhunjhunwala 450,000

ZEN TECHNOLOGIES LTD. Rakesh Jhunjhunwala 450,000

I GOT THE FINANCIALS, HERE IS A QUICK LOOK

FY'10 SALES = 1865 CRORES
FY' 10 PAT = 6 CRORES

THERE WAS AN EXTRAORDINARY ITEM OF FOREX LOSS OF 50 CRORES.

3 MONTHS ENDED FY'11 SALES 677.5 CRORES
3 MONTHS ENDED FY'11 PAT 40.33 CRORES

IF WE EXTRAPOLATE THE FINANCIALS OF FIRST QUARTER TO GET THE FULL FY'11 PICTURE, MY ESTIMATE IS

FY'11 SALES = 2100 CRORES ( CO MAINTAINING 20% GROWTH )
FY 11 PAT = 90 CRORES ( CO OPERATES ON 4% PAT MARGIN )
FY '11 EPS = RS. 15 ( POST IPO EQUITY BASE 6 CRORES SHARES )

LOOK AT THIS IPO ONLY IF PRICE BAND COMES CLOSURE TO RS.90/SH OR LESS.

THERE ARE MANY DEMERITS OF JEWELLERY BUSINESS MOST DANGAEROUS IS "SALES WITHOUT BILL" THAT IS NOT ACCOUNTED FOR IN THE BOOKS AND U WILL NEVER GET THE CORRECT STATUS OF THE BUSINESS.

Welcome back SJ
milinds

WELCOME BACK SJJJJ

ITNI RAAT KO KYA KER RAHA HAIBEEEEE

My Freinds on Chittorgarh and Chittorgarh Bloggers

Belated Xmas and Happy new year to all in advance.

I am back to normal on Chittorgarh now.....

Was missing it a lot


Best of luck for Punjab and Sindh Bank

May this 2010 year end with some good profits after a scary correction in watever positions you take

I am available now......to stay in touch regularly and on Chittorgarh now.



Regards

Setu (Sj)

PANKAJ IS THE MASTERCHEF!!!!!!!!!

JAYANANDAN WAS ALSO VERY GOOD......