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Goenka Diamond & Jewels Ltd IPO (Goenka IPO) Detail

March 23, 2010 - March 26, 2010

Goenka IPO is a book built issue of Rs 126.51 crores.

Goenka IPO bidding started from March 23, 2010 and ended on March 26, 2010. The shares got listed on BSE, NSE on April 16, 2010.

Goenka IPO price band is set at ₹135 to ₹145 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹5,800.

SBI Capital Markets Limited is the book running lead manager of the Goenka IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Goenka IPO RHP for detailed information.

Goenka IPO Details

IPO Date March 23, 2010 to March 26, 2010
Listing Date April 16, 2010
Face Value ₹10 per share
Price Band ₹135 to ₹145 per share
Lot Size 40 Shares
Total Issue Size9,371,000 shares
(aggregating up to ₹126.51 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Goenka IPO Reservation

Goenka IPO offers 10,000,000 shares. 5,000,000 (50.00%) to QIB, 1,500,000 (15.00%) to NII, 3,500,000 (35.00%) to RII. 87,500 RIIs will receive minimum 40 shares and (sNII) and (bNII) will receive minimum 1,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,000,000 (50.00%)NA
NII (HNI) Shares Offered1,500,000 (15.00%)
Retail Shares Offered3,500,000 (35.00%)87,500
Total Shares Offered10,000,000 (100%)

Goenka IPO Lot Size

Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 40 ₹5,800
Retail (Max) 34 1360 ₹197,200
Lot Size Calculator

About Goenka Diamond & Jewels Ltd

Incorporated in 1990, Goenka Diamond & Jewels Limited is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. Goenka's product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold. Company has its own diamond processing unit at SEZ in Surat and in Mumbai.

Goenka Diamonds retail its diamond jewellery under two brands CERES and G WILD. Company retail high end diamond jewellery under the CERES brand targeting the top-end segment of the society while G WILD focuses on internationally designed diamond jewellery targeting the youth.

Objects of the Issue (Goenka IPO Objectives)

The objects of this Issue are to
1. Meet the expenses of establishing stores for our G WILD brand (�G WILD Stores);
2. Meet the expenses of establishing stores for our CERES brand (�CERES Stores);
3. Meet working capital requirements for jewellery business;
4. Meet the expenses of establishing a jewellery manufacturing facility in Mumbai;
5. Meet the expenses of establishing a diamond processing facility in Mumbai; and
6. Further invest in the equity capital of our Subsidiary.


Goenka IPO Subscription Status (Bidding Detail)

The Goenka IPO is subscribed 1.07 times on March 26, 2010 6:00:00 PM. The public issue subscribed 0.66 times in the retail category, 0.78 times in the QIB category, and 3.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.78
NII3.00
Retail0.66
Total1.07

Goenka Diamond & Jewels Limited IPO Grading / Rating

ICRA has assigned an IPO Grade 2 to Goenka Diamond & Jewels Limited IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Goenka Diamond & Jewels Limited

Goenka IPO Prospectus

Goenka IPO Rating

145
3.5
Rating:Rated 3.5 stars
Vote Here ...

Goenka IPO Listing Details

Listing Date April 16, 2010
BSE Script Code 533189
NSE Symbol GOENKA
ISIN INE516K01024
Final Issue Price ₹135 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹135.00
₹130.00
₹92.35
₹141.35
₹127.85
NSE
₹135.00
₹124.00
₹92.20
₹141.00
₹127.60

Check IPO Performance…

Goenka Diamond & Jewels Ltd Contact Details

Goenka Diamond & Jewels Ltd
401, Panchratana,
Moti Singhbhomiyon Ka Rasta,
Johari Bazar, Jaipur-302003, India
Phone: + 91 141 2574175
Email: harshita@goenkadiamonds.com
Website: http://www.gdjl.co.in

Goenka IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: varghese@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Goenka IPO - Buy or Not

Goenka IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Goenka IPO FAQs

Goenka IPO is a main-board IPO of 9,371,000 equity shares of the face value of ₹10 aggregating up to ₹126.51 Crores. The issue is priced at ₹135 to ₹145 per share. The minimum order quantity is 40 Shares.

The IPO opens on March 23, 2010, and closes on March 26, 2010.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Goenka IPO opens on March 23, 2010 and closes on March 26, 2010.

Goenka IPO lot size is 40 Shares, and the minimum amount required is ₹5,800.

You can apply in Goenka IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Goenka IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Goenka IPO allotment status.

The Goenka IPO listing date is on April 16, 2010.
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Goenka IPO Message Board

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588 Comments

588. N Shah |   Link |  Bookmark |July 21, 2010 5:13:20 PM
No information of Goenka is available, better u churn, sell Goenka and buy Shree Ganesh Jewellery, Target price of Shree Ganesh is around 350 in 2 months
587. Krishna |   Link |  Bookmark |June 6, 2010 6:12:47 PM
The Company's website is not accessible as it would infect any computer trying to access it. This company is likely to vanish soon.
586. SHIVENDRA KUMAR |   Link |  Bookmark |April 29, 2010 3:06:28 PM
Dear All,

What will be price of GOENKA will it go up from its HIGH.

Shivendra Kumar
585. Sandip |   Link |  Bookmark |April 22, 2010 12:23:23 PM
Hi, I shortsell 270 goenka @ 104.50

abhi 106 pe chal raha he

kya karna chahiye?
584. KMFS |   Link |  Bookmark |April 21, 2010 1:18:03 PM
Today price is 110,
next week it will be 80,

Sell it now.

bye
583. Santhosh |   Link |  Bookmark |April 19, 2010 8:55:07 PM
I do not think Talwalkars will give us good returns.. Hope Nitesh Estate may give us marginal profit depends upon listing day environment..

AS I lost some amount in both Shree Ganesha Jewellery & Goenka diamond, I don't invest any of these two IPO's.. will better trade in secondary market.. Less Risk.. les profit
582. gem ipo finding |   Link |  Bookmark |April 19, 2010 11:39:57 AM
Buy Goenka at current price. It may go up very soon..
581. Sumeet |   Link |  Bookmark |April 18, 2010 9:06:23 PM
@gem ipo finder,

I am still waiting for ur response on the two new IPOs :Talwalkars and Nitesh estates..plz share ur thoughts on these..
other members of the board are also welcome on this..
580. Prakash Jain |   Link |  Bookmark |April 18, 2010 3:25:35 PM
Hey Anderson > Nitesh Estate Is Emerging When The Real Estate Is Recovering .
1.DLF
2.Unitech
But Looking At The Fate Of
1.DB Realty
It Is better To Continue With Listed Stocks
579. anderson |   Link |  Bookmark |April 18, 2010 3:07:40 PM
Nitesh Estates' IPO scaled down to Rs 405cr: VCCircle

Nitesh Estates' initial public offer has been scaled down to Rs 405 crore, reports CNBC-TV18, quoting VCCircle.

The company had targeted raising Rs 450 crore earlier.


The IPO opens for subscription on April 22 and ends on April 27
578. Prakash jain |   Link |  Bookmark |April 18, 2010 2:44:29 PM
Hey Sumeet : Life Style Sectors Is Being Given Higher Valutation
1.Mahindra Holdiay
2.Cox & kings
3.Jubilant Foodwork

Talwalkars Fitness Is Continuation Of The Same.
577. Prakash Jain |   Link |  Bookmark |April 18, 2010 2:29:47 PM
"Shree" "Gem" "IPO" "Finder":Deep Realtionship Are Not Built By Forcing You To Understand Me ,But By Giving You The Confidence That I Have Understood You
576. KMFS |   Link |  Bookmark |April 18, 2010 1:45:49 PM
FORTHCOMING IPO'S

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45.      Talwalkars Better Value Fitness Limited
46.      Fineotex Chemical Ltd
47.      Tarapur Transformers Limited
48.      Nitesh Estates Ltd
49.      Jaypee Infratech Limited
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51.      PNC Infratech L
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64.      Gravita India Ltd
65.      PCI Limited
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69.      Vipul Impex & Infrabuild Limited
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72.      Mayajaal Entertainment Limited
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75.      Usher Eco Power Limited
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575. Sumeet |   Link |  Bookmark |April 18, 2010 1:02:14 PM
gem ipo finder ,shreedhar and other members of the forum..

Please share ur thoughts on the upcoming IPOs of Talwalker and Nitesh estates...should we go for them or avoid themm..
please share ur analysis on these upcoming IPOs..
574. shibin |   Link |  Bookmark |April 17, 2010 11:54:53 PM
@ 577 & 571...Talwalkars 6050000 equity issue for 70cr looks a genuine pick as its long term vision is to get into organic food business..the only concern is ,the director Mr Rahul Talwalkar(director finance) commited to bring this issue way back in 2006,it took 4 years for the same.The price band is 123-128..first of its kind ipo.If you have a long term vision,then only get into it.Am working on the fundamentals..as soon as i get i will post.
573. right |   Link |  Bookmark |April 17, 2010 11:26:17 PM
@581,u r very right,stop using bad language,kuch idiots hai jo(third class)faltu likhte hai,agar kisi ko pata karna hai ki kaun kaha se bad language use karta hai to uska pata chal sakta hai.beware!
572. Father of Chittorgarh Team |   Link |  Bookmark |April 17, 2010 5:49:18 PM
@ Chittorgarh team

Discuss abt new IPO guys
571. Chittorgarh Team |   Link |  Bookmark |April 17, 2010 4:27:50 PM
Dear Mr.GEM IPO FINDER

Why you attract so many enimity in this forum. Why you such a bad language. We warn you to mind your language now onwards. All are requested to co-operate to make this forum a successful one. GEM..are you gone mad.

Chittorgarh Team
570. kabir dhanraj gill |   Link |  Bookmark |April 17, 2010 3:02:02 PM
new ipo announcment

kalwalkar open 21 to 23
price band 123 to 128
only 80 cror rupees(small ipo size)

nitesh est open 22 to 26
405 cror rupees capital


injoy karo,
bewkufo ki tarah ladna band karo, up coming ipo per reserch karo to fayda hoga, ladne se sirf or sirf nuksan hi hoga.
569. Jayant |   Link |  Bookmark |April 17, 2010 2:47:43 PM
Dear Retails Investors and AAM Aadmi,

Don’t buy any IPO/FPO specially PSU i.e. NHPC, NTPC, NMDC, SAIL, EIL, Shree Ganesh, Indiabulls Power, Goenka Ji etc. Because these price only be down as Govt. and Companies has already LOOT the public at maximum rates for four years and in some companies they will plan to LOOT at maximum rates.

But u must buy vegetables and foodgrain items i.e. Potato, Onion, Bhindi, Cabbage, Mango, Apples, Oil, Sugar, Milk, Flour, pulses etc. Because price of these items will one be UP and UP. If y buy today potato @ 10/- next week you can sell at 20/-. i.e 100% profit. And this is confirm and guaranteed profit as prices of these will only increase till this Govt. is there. So don’t worry and buy these items for good profit as theseGovt. main motto is to end aam aadmi and retails investors within four years or this target mat be achieved before that also if inflation will increase beyond expectations.

Your portfolio and confirm and guaranteed targets are:

Items      Current Rate      Target 18 to 24 Months

Potato            10.00            32-35
Onion            15.00            40-43
Mango            65.00            180-185
Pulses            90.00            277-285
Oil            60.00            182-187
Sugar            35.00            95-105
Petrol            55.00            215-225
Diesel            40.00            125-135
Milk            26.00            65-70
Apples            125.00            365-385
Bhindi            25.00            65-70
Cucumber      12.00            32-36
Capsicum      35.00            90-95

The above rates will definitely achieve if Govt. will do in well planned manner to The End of AAM Aadmi and Retail Investors. We also think that within three – four years Retailers and Aam Aadmi may easily end without any LOOT by Govt. So there will be no one to cry like NHPC, NTPC, NMDC, SJVNL, SAIL, Reliance Power, Indiabulls Power, Shree Ganesh, Pradip etc.

Bhangwan kare yeh subh din bahut hi jaldi aaye yani ki aaj aur abhi