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Goenka Diamond & Jewels Ltd IPO (Goenka IPO) Detail

Mar 23, 2010 - Mar 26, 2010

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:

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 Details

Issue OpenMar 23, 2010 - Mar 26, 2010
Issue TypeBook Built Issue IPO
Issue Size9,371,000 Eq Shares of Rs 10
(aggregating up to Rs 126.51 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 135 - Rs 145 Per Equity Share
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE

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

Check IPO Ratings from other stock analysts.

Goenka IPO Subscription Status (Bidding Detail)

Goenka IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

5,000,000

1,500,000

3,500,000

10,000,000

Mar 26, 2010 18:00

0.78x

3.00x

0.66x

1.07x

Goenka IPO Prospectus

Goenka IPO Rating

145
3.5
Rating:Rated 3.5 stars

Vote Here ...

Goenka IPO Listing Date

Listing DateFriday, April 16, 2010
BSE Script Code533189
NSE SymbolGOENKA
Listing InB
ISININE516K01024
Issue PriceRs 135 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 135.00
Rs 130.00
Rs 92.35
Rs 141.35
Rs 127.85
30,335,597
NSE
Rs 135.00
Rs 124.00
Rs 92.20
Rs 141.00
Rs 127.60
36,830,619

Goenka IPO Reviews / Ratings

Company Contact Information

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

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: varghese@karvy.com
Website: https://karisma.karvy.com/

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Goenka IPO Review / Comments

N Shah
588. N Shah  Jul 21, 2010 17:13 I Like It. | Report Abuse
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
Krishna
587. Krishna  Jun 6, 2010 18:12 I Like It. | Report Abuse
The Company's website is not accessible as it would infect any computer trying to access it. This company is likely to vanish soon.
SHIVENDRA KUMAR
586. SHIVENDRA KUMAR  Apr 29, 2010 15:06 I Like It. | Report Abuse
Dear All,

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

Shivendra Kumar
Sandip
585. Sandip  Apr 22, 2010 12:23 I Like It. | Report Abuse
Hi, I shortsell 270 goenka @ 104.50

abhi 106 pe chal raha he

kya karna chahiye?
KMFS
584. KMFS  Apr 21, 2010 13:18 I Like It. | Report Abuse
Today price is 110,
next week it will be 80,

Sell it now.

bye
Santhosh
583. Santhosh  Apr 19, 2010 20:55 I Like It. | Report Abuse
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
gem ipo finding
582. gem ipo finding  Apr 19, 2010 11:39 I Like It. | Report Abuse
Buy Goenka at current price. It may go up very soon..
Sumeet
581. Sumeet  Apr 18, 2010 21:06 I Like It. | Report Abuse
@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..
Prakash Jain
580. Prakash Jain  Apr 18, 2010 15:25 I Like It. | Report Abuse
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
anderson
579. anderson  Apr 18, 2010 15:07 I Like It. | Report Abuse
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
Prakash jain
578. Prakash jain  Apr 18, 2010 14:44 I Like It. | Report Abuse
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.
Prakash Jain
577. Prakash Jain  Apr 18, 2010 14:29 I Like It. | Report Abuse
"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
KMFS
576. KMFS  Apr 18, 2010 13:45 I Like It. | Report Abuse
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Sumeet
575. Sumeet  Apr 18, 2010 13:02 I Like It. | Report Abuse
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..
shibin
574. shibin  Apr 17, 2010 23:54 I Like It. | Report Abuse
@ 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.
right
573. right  Apr 17, 2010 23:26 I Like It. | Report Abuse
@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!
Father of Chittorgarh Team
572. Father of Chittorgarh Team  Apr 17, 2010 17:49 I Like It. | Report Abuse
@ Chittorgarh team

Discuss abt new IPO guys
Chittorgarh Team
571. Chittorgarh Team  Apr 17, 2010 16:27 I Like It. | Report Abuse
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
kabir dhanraj gill
570. kabir dhanraj gill  Apr 17, 2010 15:02 I Like It. | Report Abuse
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.
Jayant
569. Jayant  Apr 17, 2010 14:47 I Like It. | Report Abuse
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




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