Business description – Moksh Ornaments is in the business of manufacturing and wholesale of jewellery. The jewellery is manufactured on job work basis at Kolkata and Mumbai. The company primarily sells gold jewellery and its product profile includes bangles, chain, and mangalsutra. Its focus is on developing new designs that meet customer’s requirements and gets products designed by third party designers.
Its promoters Jawanmal M Shah and Amrit J Shah have around 30 years and 20 years of experience respectively in the jewellery industry. Some of its major customers include Nakshatra Jewellery, P.N. Gadgil & Sons, Ranka Jewellers, P.N. Gadgil Jewellers Private Limited, etc. Moksh Ornaments procures the required gold from various banks and local markets.
Promoters of Moksh Ornaments – Jawanmal M Shah and Amrit J Shah
| Moksh Ornaments IPO details | |
| Subscription Dates | 21 – 26 Dec 2017 |
| IPO Price band | INR37 per share |
| Fresh issue | 2,982,000 shares (INR11.03 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,982,000 shares (INR11.03 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
| Moksh Ornaments’ consolidated financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 7MÂ FY2018 | |
| Total revenue | 77.3 | 80.9 | 110.9 | 143.0 | 239.9 | 169.4 |
| Total expenses | 77.3 | 80.8 | 110.7 | 142.8 | 235.5 | 166.6 |
| Profit after tax | 0.0 | 0.1 | 0.2 | 0.2 | 2.9 | 1.9 |
Moksh Ornaments Limited
701, 18/22, Champagali
7th Floor, Zaveri Bazaar
Mumbai-400002
Phone: +91 22 6183 4395
Email: [email protected]
Website: www.mokshornaments.com
| Day | Subscription (no. of times) |
| Day 1 | 1.42 |
| Day 2 | 5.24 |
| Day 3 | 97.16 |
Earnings Per Share (EPS): INR5.56
Price/Earnings (P/E) ratio: 6.65
Return on Net Worth (RONW): 26.47%
Net Asset Value (NAV): INR21.02 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Moksh Ornaments IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 21 December 2017
IPO Closing Date: 26 December 2017
Listing Date: 3 January 2108
Listing Price on NSE SME: INR44.4 per share (up 20% from IPO price)
Closing Price on NSE SME: INR44.4 per share (up 20% from IPO price)
Good business but bad company, better to avoid this and invest in other jewellery shares
brought 1 lot finally.. lets see what happens
Stay away from this bogus company. Don’t fall in the trap of grey market premium. This is a trap, 20% UC first day and continuous slide after that.
allotted 😀
Thanks for your valuable advice
Their website says…..
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that might be due to large number of requests . http://www.mokshornaments.com not able to access?
What is current gmp?
right time to exit
I will suggest to sell it now
*buy
Target 45, sell
Number stock. Just compare with it’s peers. You will definitely buy
*bumber
Keep it long term target 5x
Sold at 53.25 again brought back at 57.4 for long term after reading positive reviews about the company . Copared to peers it’s best even @100
Why this company available at a cheaper price compared to peers? P/E at a stunning rate 6.65 compared to peers average P/E more than 40
They have expansion plans. Right price to buy and hold. Target 80+ within 1 year
Astron paper is also a good option. target 200+
{Note : I have investment on both of these stocks and i am not a registered SEBI agent so please do your analysis}
check out their product catalog http://www.mokshornaments.com/catalog.pdf
amaizing 🙂
Yeah lot of collections. I invested at the right place 😛
Moksh PE is 6.65 and industry average is more than 45 but still Moksh is in downtrend why it’s so.? Compared to industry Moksh should move to 200
Peer PE ratio comparison
Moksh Ornaments Ltd – 6.65(based on issue price) even at current price below 10
Thangamayil Jewellery Ltd – 65.63
Tribhovandas Bhimaji Zaveri – 43.65
PC Jeweller Ltd – 18.03
Average Industry PE ratio is 40+, And GST will bost this secotor further, and organised companies will benefit more in the coming quarters
Definitely a good buy and target 100+ within an year.
Those who looking quick profit/loss will sell out these days so wait for your turn hold and buy more if you have money.
For new investers buy and hold atleat 2-3 quaters.