Shree Ganesh Jewellery House Ltd IPO (Shree Ganesh IPO) Detail

Mar 19, 2010 - Mar 23, 2010

Incorporated in 2002, Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company's products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. Company's portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions.

Shree Ganesh Jewellery House exported to countries such as the U.A.E, Singapore and Hong Kong. They have three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, Company have achieved a production of 12,843.63 kgs of gold jewellery. They have intend to set up an additional jewellery manufacturing unit at Manikanchan SEZ to supplement the existing facilities. Shree Ganesh Jewellery House also plan to expand their portfolio by commissioning a new vertical in machine made Italian and light weight jewellery at Mondalpara and at Domjur, West Bengal. Company has ten retail outlets and intend to open forty nine retail outlets across India including outlets under the shop-in-shop and franchisee models.

Company Financials:

ParticularsFor the year/period ended (Rs.in Lakhs)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income221,819.95128,302.6482,724.8112,714.595,637.87
Profit After Tax (PAT)13,245.078,717.695 ,084.051,118.9952.97

Objects of the Issue:

The object of the issue are:

1. Setting up a manufacturing unit at Mondalpara, West Bengal for the manufacture of plain and studded gold jewellery with an annual installed capacity of 450 kgs of gold;
2. Setting up a new manufacturing unit at Domjur, West Bengal with an annual installed capacity of 2,000 kgs of diamond studded jewellery;
3. Expansion of manufacturing facility at Manikanchan SEZ by setting up of a facility for the manufacture of diamond studded jewellery with an annual installed capacity of 1,000 kgs of gold and 75,000 carats of diamond;
4. Setting up retail outlets for sale of jewellery manufactured by our Company and meeting marketing costs;
5. To meet the working capital requirement;
6. To meet general corporate purposes;
7. To meet the issue expenses.

Shree Ganesh IPO Details

IPO Opening DateMar 19, 2010
IPO Closing DateMar 23, 2010
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹260 to ₹270 per equity share
Market Lot25 Shares
Min Order Quantity25 Shares
Listing AtBSE, NSE
Issue Size14,269,831 Eq Shares of ₹10
(aggregating up to ₹371.02 Cr)

Shree Ganesh IPO Lot Size

The Shree Ganesh IPO market lot size is 25 shares. A retail-individual investor can apply for up to 29 lots (725 shares or ₹195,750).

ApplicationLotsSharesAmount (Cut-off)
Minimum125₹6,750
Maximum29725₹195,750

Shree Ganesh Jewellery House Ltd IPO Grading / Rating

CARE has assigned an IPO Grade 3 to Shree Ganesh Jewellery House Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE 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 CARE IPO Grading Document for Shree Ganesh Jewellery House Ltd

Shree Ganesh IPO Subscription Status (Bidding Detail)

The Shree Ganesh IPO is subscribed 1.96x times on Mar 23, 2010 17:30. The public issue subscribed 1.39x in the retail category, 1.38x in the QIB category, and 6.13x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

1.38x

NII

6.13x

RII

1.39x

Total

1.96x

Shree Ganesh IPO Prospectus

Shree Ganesh IPO Rating

264
3.6
Rating:Rated 3.6 stars

Vote Here ...

Shree Ganesh IPO Listing Date

Listing DateFriday, April 9, 2010
BSE Script Code533180
NSE SymbolSGJHL
Listing InB
ISININE553K01019
IPO Price₹260 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹260.00
₹258.85
₹160.65
₹258.85
₹163.25
27,489,468
NSE
₹260.00
₹250.00
₹161.75
₹250.00
₹164.55
30,334,125

Shree Ganesh IPO Reviews / Ratings

  • Angel Broking - Neutral
  • S P Tulsian - Subscribe
  • Swastika Investmart Ltd - Subscribe

Company Contact Information

Shree Ganesh Jewellery House Ltd
Shree Ganesh Jewellery House Ltd
413, Vardaan Market,
Camac Street, Kolkata - 700 016

Phone: + 91 33 2280 0345
Email: investors@sgjhl.com
Website: http://www.sgjhl.com

Shree Ganesh IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email:
Website: http://www.linkintime.co.in

Shree Ganesh IPO FAQs

  1. What is Shree Ganesh IPO?

    Shree Ganesh IPO is a main-board IPO of 14,269,831 equity shares of the face value of ₹10 aggregating up to ₹371.02 Crores. The issue is priced at ₹260 to ₹270 per equity share. The minimum order quantity is 25 Shares.

    The IPO opens on Mar 19, 2010, and closes on Mar 23, 2010.

    Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Shree Ganesh IPO will open?

    The Shree Ganesh IPO opens on Mar 19, 2010 and closes on Mar 23, 2010.

  3. What is the lot size of Shree Ganesh IPO?

    Shree Ganesh IPO lot size is 25 Shares and the minimum order quantity is 25 Shares.

  4. How to apply for Shree Ganesh IPO?

    You can apply in Shree Ganesh 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Shree Ganesh IPO allotment?

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

  6. When is Shree Ganesh IPO listing date?

    The Shree Ganesh IPO listing date is on Friday, April 9, 2010.

Shree Ganesh IPO Message Board

Ranked Members  Ranked Members

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1061. Raj |Jul 26, 2010 14:09
BENGALI BHAI KIDHAR HO ? SGJHL KI IS RALLY KA KYA TARGET HAI ?? IPO OFFER PRICE TAK JAYEGA YA NAHIN ?
1060. N Shah |Jul 25, 2010 16:52
Shree Ganesh stock is very attractive (refer 1044 dated Jun 6,2010) still one can take entry at CMP Of Rs 147 with strict stop loss of Rs 142. We have no option but to rely on promoters. I have applied for 3 forms on recommendation of my broker and my broker is still bullish.
1059. vikas |Jul 19, 2010 18:18
yaar mere pas bhi 300 share hai average price hai 180, ab lagta hai nikal jayega........
1058. Raj |Jul 14, 2010 13:31
Lagta hai murde me jaan aa rahi hai.
1057. SGJ KA MALIK |Jun 14, 2010 11:26
JITNA MARZI BOL LO MAIN AUR MERE RISHTEDAR,PROMOTERS BIG FUND HOUSES HAVE ALL EXITED FROM COOMPANY. YEH STCK KO MEIN 70 RS PAR LAONGA. ABHI LOGON KO AUR PHASAONGA
1056. Shree ganesh investor |Jun 14, 2010 09:51
Hi friends,

I have 1400 shares of shree ganesh jewellery,

It seems that the company has declared dividend of 20 % which means 2 rs per share.

If i sell it today (14 June 2010) will i be entitled for the dividend.

Pls advise.

Regards

1055. Ravi, Bangalore |Jun 11, 2010 18:39
Should We Follow Analyst Recommendations?

Analyst recommendations come out just about every day for one stock or another. Three borkerage-house give BUY call, one brokerage-house gives SELL call. This makes it hard to compare one Brokerage firms rating on a stock with another Brokerage firm rating.

When you hear Analyst recommendations about a particular stock, don't let your guard down. To help protect your hard earned capital, get used to doing your own research to follow up on specific Analyst recommendations and make sure you agree with the ratings.

While stock analysts do play a useful role as an information source, investors are discouraged from relying solely on this information in making their investment decisions. In many cases, conflicts of interest exist. The fact that analysts, or their firm, may face a conflict of interest does not necessarily mean that the stock analyst recommendations are flawed or unwise or useless. And yet, don't rely solely on them for your investment decisions.

Research reports can contain some great information, but use them only as a source of data that complements your research, rather than completes it.

Truly good, free investment advice is about as easy to get as a truly good, free lunch. If it's free to you, it was probably designed with someone else's interests in mind. Sometimes, chances are, you'll have to pay for it. Before you invest, investigate.

Do your own research. Develop your own system for buying or selling.
1054. PARESH |Jun 11, 2010 13:42
DEAR 1051 : ALL BROKERAGE WERE ALSO VERY POSITIVE PRE IPO ISSUE AND I AM GLAD THESE REPORTS ARE STILL VERY GOOD AND POSITIVE THE ONLY THING NEGATIVE IS YOUR INVESTMENT VALUE WHICH HAS FURTHER SHOWN INCLINATION TO MOVE TO RS.65/- RS.70/- AND WILL BREAK ALL RESISTANCES TO REACH ABOVE MENTIONED LEVELS . WISH I SHOULD PROVE WRONG BUT THINGS DO NOT INDICATE SO.
1053. Ravi, Bangalore |Jun 10, 2010 19:58
1051. K.K.Natarajan

Historic / Trailing EPS & PE is not wrong. But forward / expected EPS estimate could be biased or wrong.

Even if the stock is cheap, sentiment also plays important role. Technically, it should cross 130. But, remember, technical analysis also could go wrong. Stop-loss is important.

As the stock appears cheap as per my home-work, one can remain invested.
1052. Raj |Jun 10, 2010 19:18
1050. Ravi, Bangalore
In addition to brokerages reports, there is one solid positive for SGJHL which is:
CARE has revised the rating of the short term banking facilities of the Company from existing 'PR1' to 'PR1+' (PR One plus). Further the rating for Short Term Debt (STD) programme (including Commercial Paper) has also been revised from existing 'PR1' to PR1+' (PR One Plus).
Investors can trust CARE rating agency. This scrip is available very cheap and promises good returns. Investor has to take risk in stock markets and risk at current rates look very little as compared to potential of appreciation.
1051. K.K.Natarajan |Jun 10, 2010 19:04
Ravi, Bangalore,
Opinions of brokerage houses about a company may be wrong and biased, but will the EPS and PE ratio also be wrong?
1050. Ravi, Bangalore |Jun 10, 2010 18:21
1049. K.K.Natarajan

1. Common investors have to rely on brokerage house reports & there is no gurantee that the information is right. On many occastions, analysts have vested interests. Even we can't blame them, as investment advise is not social service. There is no free lunch.

2. Assume that your information is right, if script moves only on fundamentals, then it is easy to make money for everybody. People will stop working. Money making will become so easy that it is easier than printing curency notes!

My view is I read few brokerage house reports & as per that it has great value at current levels.
1049. K.K.Natarajan |Jun 10, 2010 16:37
Thangamayil (issue price 75) with an EPS of 11.72 and PE of 9.24 touched almost 125 today. Shree Ganesh (issue price 260) with an EPS of 34.67 and PE of 3.29 is trading at 114! What is the logic? Can anyone explain?
1048. SANJAY |Jun 9, 2010 11:48
Sir,
At sl.no.1047 I misspell the company name instead of Ganesh Jewellers i wrote Goenka Jewellers. Inconvenience is regretted.
1047. SANJAY |Jun 9, 2010 11:43
Sir, I purchased 100 shares @168/- of Shri Goenka Jewellers at the time of listing but it is running at 110-120 price rate eventhough the gold prices are very high and its march qtr.result is looking good. Can you tell me how much time it will take to cross 175/- in market.
1046. RAJENDRA |Jun 8, 2010 12:41
1045. Sanjay You will not be entitled to dividend if you buy the share after BC has started.
You must check ex-Dividend date (which can be before BC start date but not later than that)for dividend entitlement.
1045. Sanjay |Jun 7, 2010 20:56
Sir,
Can I buy Indiabulls finance co.shares in between BC Start and BC close time i.e 7.6.10 to 14.6.10 as they are giving Rs.5/- dividend. If I buy it tomorrow can I get the dividend.
1044. N Shah |Jun 6, 2010 17:00
Shree Ganesh stock seems very attractive loooking to earning capabilty of Company, currently traded at around 120 which is at 4 PE, another thing is as gold price have gone up their margin will also soar up for Q1 FY10, accumulate with stop loss of 108
1043. Hiro |Jun 4, 2010 19:13
I have baught Cybertech Systems and Software at 18 yesterday. It is poised to multibaggaer within next few quarters.
1042. Ravi, Bangalore |Jun 3, 2010 12:53
1039. K.K.Natarajan

I have subscribed many tips watching ad in financial magazines, web-sites. They will boast of huge profit for subscribers. I lost money by subscribing them.

I followed fundamental analysis reading financial magazines. Then also, my portfolio underperformed the markets. This is in 2003-04 period.

Now, I read 3 - 4 brokerage reports before taking any fundamental call on any script. For technicals, I have unique system - Historic Charts in NSE website, Pivot / Fibonacci Scales & developed my own trading system. I tested in live market situation & it clicked. Hence, stopped subscribing tips.

The problem is I have no automated system to tell which stock will give good returns in next one month. Hence, I refer financial magazines, web-sites, watch TV for buzzing stocks & do technical analysis for those stocks.

I don't get any benefit if anybody trades or ignores. Nobody will offer any monetary benefit if they gain or I don't compensate any trader if they loose by acting on my opinion.

If I know 100% sure-shot calls, then I stop working. It is upto investors to make their own home-work before acting on any stock ideas, not only mine, but also any TV analysts.







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