International Gemmological Institute - A Hype & Hope IPO in Bull Market

The IPO with OFS of 1300-1400 crore is being disguised as the fresh issue. Why?

All the fresh proceeds of INR 1300 crore going to acquire two promoter-owned companies

These companies together generated a loss of -10 crores in 9MCY24 and listed company IGI is paying 1300 crores.

Also, the Promoter is doing OFS of 2750 crores

#redflag #corproategovernance

The biz is certification of diamonds (50% market share in India - biz might look juicy and attractive but only in bull market)

Focus on this

Focus on this

🔥2-3X Multibagger potential stock 💹

FIIs taken new fresh entry 27.15%
Public holding decreased 27.12%

CMP : ₹15.6
Mkt Cap : 362 Cr Micro Cap
Sector : Mines & Minerals
PE : 3.06 (13X Cheap than industry)
Industry PE : 41.8
ROE : 170%
ROCE : 179%
Debt : 00 debt free
Dividend Yes = Bank FD (6.4%)

Happy New Year Everyone!

Wishing you a prosperous New Year filled with successful trades, steady profits, and ever-expanding opportunities!

#KALYANJIL (D)
- Breakout Soon Candidate
- Cup & Handle Pattern BO
- Trading All Time High
- Strong Bullish Momentum
- Long Range Accumulation
- Looks ready for 850/925+
- TF ≈ 2-3 months

Weekly stock for swing 🚀

1. General Insurance Corporation of India
2. Summit Securities Ltd
3. Skipper Ltd (India)

VIX 4%UP.

VOLATILE REH SKTA HAI

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🔰SIYSIL

950 cross above
5 min candle high cross above

Buy and expected return 2-5%.

🔰ORCHPHARMA

1900 cross above
5 min candle high cross above

Buy and expected return 2-5%.

🔰CARTRADE

1620 cross above
5 min candle high cross above

Buy and expected return 2-5%.