Goenka Diamond & Jewels Ltd IPO Message Board (Page 27)

nvestors can refrain from subscribing to the Initial Public offer of Goenka Diamond and Jewels (Goenka), which processes diamonds and manufactures diamond jewellery.
source business line

gem,who gives you incentive for applying physical?Here I do not get any incentive.For lottery,I have started applying in serial forms after I knew the reason for your 6 ARSS success.Hope I find similar success in DQE & PSL as I had applied in serial.

i never went for ASBA because of the following reasons-
1)i dont know the exact procedure & never tried to do so
2) i have a feeling that in case of lottery allotment "cosecutive pysical applcn" has an edge over ASBA, so physical applcn is highly recomended in case where ur no. of lot bid is lower than retail subscription suppose u bid for IN PSL 6 APPLCN OF 8 LOT EACH IN THE NAME OF 6 PERSON AND RETAL PORTION SUBSCRBD 20 TIMES THEN HERE THERE IS GOOD CHANCE THAT ATLEAST 2 APPLICATION WILL BE ALLOTED ONE LOT EACH, BUT THAT IS NOT THE CASE WITH ASBA AS THERE CANT BE CONSECUTIVE SERIAL NO OF APPLICATION FOR 6 DIFFRNT PERSON.
3)I get cash incentives for depositing physical form.
4) in ASBA u r not 100% sure that u applied correctly there may be any technical error.
5) time limit is also there but in physical i submit apllcn till 5 pm on closing date

but i m trying to adopt the ASBA for the following few reasons -
1) saves interest cost generally i apply in 6 application & one lac in each, here interest saving could be in each a/c 100000*3.5% = 3500/- yr so for 6 its 3500*6 = 21000/- yr and around 2000 per month that is a good saving and in free
2) other reason include convinience, go green etc

greynarket.in says GMP OF INTRASOFT = 7-8
smrtinvt.in says GMP OF INTRASOFT = 72-75

I THINK BOTH ARE WRONG, I SHOULD NOT BE SO LOW AND SO HIGH, SOMEWHERE AROUND 40-50 LOOKS POSSIBLE DUE TO SMALL SIZE OF THE CO AND DEMAND SUPPLY MISMATCH

nmdc kab list hoga.......

ASBA --- ASBA --- ASBA --- ASBA --- ASBA-- ASBA --- ASBA

I AM WRITING MY MESSAGES SINCE BEGINING WHEN ASBA WAS INTRODUCED. AND NOW I THINK PEOPLE HAVE FOUND ADVANTAGES OF ASBA NOW.

I AM APPLYING IN ASBA SINCE DAY 1 WHEN IT WAS FIRST INTRODUCED.

SO WHAT ARE YOU THINKING . START TO DAY. GO GREEN, SAVE PAPER, SAVE TIME AND SAY YES TO ASBA


HAPPY INVESING

I THINK FOR ME

1)GANESH = COMPLETE AVOID DUE TO CO' FUNDAMENTALS AND BETTER LISTED OPTION AVAILABILITY LIKE GITANJALI GEMS MIND IT ITS PE IS 6 AND BOOK VALUE 260 AND MOST IMPORTANT REASON NO MORE FUND AVAILABLE BEFORE DQ AND ONE MORE REASON ITS SIZE IS ALSO BIGGER IN RECENT IPO SO DEMAND SUPPLY MISMATCH AND GMP IS ALSO VERY LESS HERE TOO MUCH SHARES WILL BE ALLOTED THATS A BIGGER RISK FOR ME

2) GOENKA DIAMONDS = APPLY, GOOD GROWTH AND VALN, GOOD SIZE, MONEY WILL BE AVAILABLE AT THIS TIME GOOD GMP

3) INTRASOFT = AVOID (45%) APPLY (55%) BUT NOT IN FULL FORCE AND DONT FORGET TO EXIT ON LISTING
2)

just now i seen the gmp its around 25, this proves my following valn done in today morning

gem ipo finder Mar 20, 2010 7:38:55 AM IST
Goenka Diamond & Jewels Ltd

it seems like a good bet because by the close of this ipo we will have money refunded from DQ.

the co has grown from the yr. 2006 to 2009 with a scorching pace of 100% each yr both in terms of sales and pat, financial after march '09 has not been provided for

their sales for fy'09 stands at rs. 451.29 crores , pat = 24.52 crores, net worth post ipo = 245 crores , eps for march '09 = rs.8

considering a moderate growth of 70% for fy'10 and fy'11 eps for fy'10 comes to rs.14 and for fy '11 comes to rs.22,
bv for fy'10 = rs. 76

so at rs. 145 the stock is trading at a pe of 10 for fy'10 and 7 times fy'11, which is ok with its peers

so at 8 times pe fy'11 the stock should trade at 165-175
so target for me is rs. 165-175, but i have to look at the financials and compare my future pridiction with other brokers if that is similar i will go for this ipo

LATA VENKATESH,I have also decided to go green.Persistent was last IPO in paper form.

Just after posting the message I thought oops I have done it again.Now I am replying to your Goenka post in Goenka.Habits die hard,certainly.Next time I will take care.

Sreedhar,
I was about to thank you for accepting to post at the relevant place, but then I suddenly found your message connected to NMDC here! Habits die hard, aren't they?

ASBA CLARIFICATIONS

FOR ONLINE FILING ASBA THE BOARDERS ARE ASKING LOT OF QUESTIONS. THE FOLLOWING ARE CLARIFICATIONS.

1. YOU SHOULD HAVE INTERNET BANKING ACCOUNT
2. THEIR IS NO NEED TO HAVE DEMAT ACCOUNT WITH THE SAME BANK
3. YOU WILL HAVE TO REGISTER ONCE GIVING YOUR DETAILS SUCH AS YOUR DEMAT ACCOUNT NO. (CDSL OR NSDL) YOUR PAN NO.
4. THE AMOUNT WILL BE BLOCKED AS SOON AS YOU APPLY. AND ONLY ALLOTMENT AMOUNT WILL BE DEBITED ON ALLOTMENT AND BALANCE WILL BE RELEASED IMMEDIATELY.
5. WITH ONE ONLINE ACCOUNT YOU CAN APPLY UPTO 5 MEMBERS OF YOUR FAMILY

FOR FURTHER DETAILS CONTACT YOUR BRANCH

ANY CLARIFICATION REQUIRED PLEASE POST THE AME

GO GREEN SAVE PAPER SAVE FORESTS SAVE YOUR TIME AND EARN INTEREST USE ASBA

HAPPY INVESTING

Dear Ravi,It depends on the listing rate.If the listing is good say above 315 then Just sell & short some more shares.If the listing is between 300-315 Just sell your shares.

PRINCE,Intrasoft premium is 72-75,Goenka 23-25 & Ganesh 12-14.But Intrasoft is very small issue .It will be subscribed heavily.
ENJOYYYYYYYYYYYYYYYYYYYYYYYYYYY.

SEBI ko ipo form may he ASBA ka kalam dena chahiy, kiyoki jinkay pass net banking nahi hi vo ASBA ka use nahi kar patay hi.

ROMY GOENKA , THIS CO BELONG TO YOU, BUT WHY PUTTING BAD WORDS

1)
Goenka-Lodha-Birla-Khaitan is a good combination for investment???
2)
Please check past performance and confirm before any further investment.
3)
What is the performance of
a)RAJASHREE POLYFILM,
b)BIRLA CENTURY FINANCE,
c)............
d)............

Aaj kal to ducan wale bhi IPO dal rahe hai. Mughe lag raha hai ki kuch dino ke bad aap log dekhenge(find) Marwadis Kirana ducan 'bhi IPO me ayega aur loot ke chala jayega.

BEWARE OF DUCAN IPO

Mr KMFS

This is a forum for IPOs.

Take your grievance elsewhere please.

Some agony aunt will be ideal.Or try Mr Chidambaram

Do not waste space and time of this serious group about IPOs.

Bye and participate only in IPO discussion.

Please take note.

ADMINISTRATOR YOU TOO.
DO NOT ALLOW ALL AND SUNDRY TO POST.

THE HEADING CLEARLY SAYS IPO DISCUSSIONS.

Let's stick to that and make it more meaningful.
Some other person will put up buy 'XYZ' after he has bought to ensure a gain for him.

Why all that??

IPO means only IPO

45 agarwalji

u have raised a valid point abt low valuation of gitanjali.it seems that they have taken a huge amount of debt n have purchased alarge no of diamond retails store chain in usa.like titan if they had remained focussed only on india then it wud hv been adiffernt story but this is my perception only.
pl investigate n revert for the benefit of fellow boarders.
however outlook money has recently recommended gitanjali gems as a good buy alongwith Ashish the famous analyst.
so why shud not we buy gitanjali from secondary market in place of goenka n ganesh