Sunday, March 21, 2010

IPO ANALYSIS: GOENKA DIAMOND AND JEWELS LIMITED – MAY NOT GLITTER IMMEDIATELY – AVOID.

NAME OF THE COMPANY

GOENKA DIAMOND AND JEWELS LIMITED

ISSUE OPEN/CLOSE

23-03-10 26-03-10

PROMOTERS

NAND LAL GOENKA AND ASSOCIATES

PRICE BAND

RS 135 -145

BRLM

SBI CAPITAL MARKETS LIMITED

OBJECTS

EXPANSION, WORKING CAPITAL

FINANCIALS

FY -09 --TI 451.29cr. NP 27.38cr. EPS 20.60

RISKS

NO EXPERIENCE IN RETAIL, FAMILY OWNED, HIGH WORKING CAPITAL

IPO GRADING

CARE GRADE -2

RECOMMENDATIONS

AVOID



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