All that glitters

IPO REVIEW

Sales1153.13 Operating Profit64.08 OPM (%)5.58 Net Profit24.74 Net Margin2.14 Post issue EPS (Rs)4.20 Annulized EPS (Rs)8.39 PE @ Rs 17020.27 PE @ Rs 19523.24  The company is entering the market with an IPO of 1.7 crore shares of Rs 10 each by a 100 per cent Book Build Process. The price band has been fixed between Rs 170 and Rs 195 per share amounting to Rs 289 crores on the lower end and Rs 331.5 crores on the higher.  Gitanjali will use the proceeds for expansion of its retail operations, setting up a diamond-and-jewellery manufacturing facility at the proposed