Koura Fine Diamond Jewelry Limited IPO Message Board (Page 2)

RBL Funds unblocked.

Chal kya raha hai.... Sala sab golmal kar rakha hai inlogo ne.

Only applying few retail since idle funds left and will exit on listing if lucky.

Very average biz - 4% EBITDA, 2.5% PAT - basically a jewellery trading biz with no value add. Good B2B jewellers have 8-10% EBITDA because of design & artisan capabilities giving some kind of defensibility. Only positive is that topline is doubling this year (though it's entirely because of the merging of this biz with another of the promoter's biz - so no actual growth). Feels like another Euphoria Infotech - may list at high premium and then collapse in a few weeks because fundamentals don't support.

​@Tejas Pandya coming from finance background , genuinely speaking, @rohiitian bhai has more intensive knowledge of financials than the sharks there...

​@Manan Surana 100 taka agreed..

Koura Fine Diamond Jewelry IPO,
FF Retail apps done

Koura Fine Diamond Jewelry IPO,
0 allotment

Apart from DD negative rating everything else looks good to apply for this small size issue.

Applied 3 retails and 1 HNI.

कूड़ा

SEBI Chairperson Madhabi Puri Buch on March 11 said the market regulator has noticed "signs of manipulation in the SME segment".
Speaking on the sidelines of an Association of Mutual Funds (AMFI) event felicitating women fund managers in Mumbai, on March 11, the head of the Securities and Exchange Board of India (Sebi) said, "We do see signs of manipulation in the SME (small and medium enterprises) segment."
Besides have the technology to identify patterns that suggest manipulation, the regulator has also received feedback from market participants on how such fraudulent activity can be identified and how they can be dealt with, she said.

Buch added that, despite these inputs, action is pending because the regulator is trying to construct a case in a "robust manner".
According to the Sebi Chairperson, the regulator had attempted to provide a listing environment for SMEs that is more facilitative, and thus less regulated than listing for the mainboard. This is because SMEs may find it hard to comply with many of those requirements that are there for the mainboard companies.
She said, "The objective (of Sebi) was appropriate".
Also read: Optional T+0 settlement by 28 March, says SEBI chairperson Madhabi Puri Buch
However, the market regulator received feedbacks of some entities misusing this facilitative framework.
To mitigate that, the first step that SEBI took was applying measures like Additional Surveillance Measure (ASM) and Graded Surveillance Measure (GSM), which earlier were not applicable on the SME board.
Having said that, Buch believes the reality is that these are relatively small entities, where the market cap and free float is small, and therefore their prices are relatively easier to manipulate both at the IPO level and at the trading level.
To counter that, Buch stated the need for more disclosure in terms of risk factors. "(The regulator is) looking to implement disclosures as a starting step with respect to SME IPOs," Buch said.
Also read: MC Explains: All you need to know about electronic bidding platforms
The SEBI chairperson also stated that the regulator is working to evidence the actual stock price manipulation at the IPO as well as trading level. "We are able to see certain patterns. However, as per our regulation, the way that we need to construct the entire case, we do need to take some time to do that in a robust manner," she said.

I'm little confused and amazed by looking at chhitorgarh ipo page. This has 2 avoid review. 1 broker and 1 user.
Still subscription in retail almost 1000x.
And gmp also too high...
If it's good IPO, then whoever mark it as avoid, admin should have to take some action.

Going with hni applications of 2/2/2/2/3/8 lots

If I apply in HNI category in SME ipo, how many lots I will get if I lucky, 1 or 2?

​@Vdc 1 lot

​@newgen consultancy @Tejas Pandya Final verdict on karni and koura please

Koura

Applied in both in retail..

Applied
3/2/1/1

Subscription dekh ke hi man badal gya 😆, nhi lagaya jaaye, Pune e broking lagaya jaayega

Skipped this one

Low size

High Manipulation

Is there any problem in iMobile?
Anyone able to login iMobile ?

​@crsl No, there is no problem. I just logged in..

Yes, now logged in after changed network from Airtel to Jio
May be some network Issue of Airtel

Members, Can some one please tell me if some one managed to sell Koura Diamond at Rs 70 GMP?? There is no positive in the issue except GMP and that is always managed we all know. 6 cr sales company. only 8 employees. market cap to sales ratio 3.56 which is very very high. P/E very high at 58. Not able to open any information on the websites regarding Financials or Annual Return or any other Financial information regarding company. They gave three names as Peers and after going thru their financials, one become extra negative on Koura. Please enlighten if trades getting done even at half GMP
i e Rs 35?

This is the smallest size issue in the last 6 moths. Extremely poor chance of allotment due to such small issue. Karni is bigger size IPO, so better probability of allotment.

​@Value.Investor 
Karni ka LM record kharab hai,
negative listing hui h har bar..

Last was M.V.K. food managed by same, listed 30rs down

​@Modi Adani  Karni fundamentals are way better than the MVK. Also, MVK was a large issue without the QIB. All indications are that Karni may be a blockbuster listing.

Avoiding Koura retail application as already subscribed 500x..
Still 3-4 hours left...
(Just one sentense : Instead of wait for fund release , do not apply retail here )

I've applied for this IPO and UPI authorization got failed but amount got blocked in my SBI account. What to do? Your help would be appreciated.

Ye subscription figure udd kyu rahe hai, shayad market maker ka portion dalne ki wajah se retail portion Kam hogaya aur isliye sirf 233 retailer ko ipo lagega 🤔

I am not able to find SME IPOs to apply in Kotak Neo, whereas main board IPOs are there. I will be thankful for your guidance in this regard.

I have Kotak 3 in 1 account n its too easy for me to apply in SME OR MAIN BOARD IPO

​@SJ❤️ What is your strategy for zenith,deem roll,atmasco,esconet,rudra gas,accent microcell,thaai casting, new swan multitech, lawsikho, fonebox, owais observing recent fall in sme nowadays??? I am asking you as you were very bullish in few of these counters and hand taken positions in many of them.

Issue price 55,Profit of 13 lakhs per annum,1 lac per month, people will get trapped in SME in a very bad way..Stay cautious... your capital will erode,stay invested in fundamentally good stock..This SME hype will have a toll on small investors..