Aditya Birla Sun Life AMC Ltd IPO Message Board (Page 16)

Retailer subscription basis on application 2.36×(before rejection or non accepted UPI)

Be ready for flood of allotments

You mean 1 lot each in 5 different applications?

Yes
Will attempt to buy if I may get it 10%lower

Target 100 shares for my son to gift

It''s hard to understand small investors who compain about no luck with allotment. But here you have a relatively safe IPO, solid brand name, decent financials but poor response

@ultrasnow
It is no justifiable to put entire blame on retail investors. Afterall, purpose of applying in IPO is to make money. Companies are also to be blamed for such high valuations. If valuations are moderate, they don''t need to engage a dozen lead managers. They are willing to pay huge amount to lead managers but don''t want to give some prifit margin to small investors.

Rich pricing of the issued shares ....and crowded IPO scene at the moment .....are the main reasons for a poor show of this IPO ....

On every IPO page comments are flooded with issues in UPI mandate. Why not use ASBA/netbanking instead? Faster application, no need to accept mandate, earlier lien lifted, no issues like application failed or amount blocked even after non-allotment or amount not deducted even after allotment.

@RONNE LEWIS. I agree. But, why apply when you are uncertain and want to cancel based on the subscriptions? If unsure, its better to refrain from applying. Its as simple as that. When you are caught in two minds, markets never rewards you. Same funda applies in secondary market. If unsure about a scrip, just book loss. And if want to take out profit, just exit. If caught in two minds, you most of the times regret later. But, people want assured sort-term returns.

I guess asba/netbanking does not offer them the same thrill and suspense, I’ve always used asba and would 100% recommend

Applied from two A/Cs, 1 retail /13 lots shareholder, and other 1 retail and 1 lot shareholder from long term outlook.

Always remember, In the long term, everything is dead. Including this one.

Both NII and Retail same subscription figures: 3.13

sir,+1

Ok, if you people agree to take up the positions as below, I am ready to float a SME
Chairman - jstm
CEO - sdz
BOD - MogPunisher, Cyber dude, Maharook

:P

Totally Surprising.. It''s 1pm and HNI not even 1x. Expected it to be subdued but not this low 😄
Is it due to bad financials or high pricing or due to slightly negative market conditions?

@Cyberdude... ABSL IPO received bids worth rs1,700cr in NII category, chittorgarh members contribution could be 1% of that who surely can''t outplay big operators and intraday shorters 😜

@sdz, its too low 1%. many silent NII are here in this forum can contribute easily 10% to my opinion.
@cyberdude, surely, I will not be in the sellers list on listing day or few quarters.

Thanks

Aditya Birla Sun Life AMC IPO

GMP Rs. 08/-
Sellers Only

C''mon EagleEye... Waiting for your future post reversing this 08 to 80 in 10 days 😀

@sdz, 😜😂

Many people might exit Paras on UC and buy ABSL AMC in discount for long run!

I believe listed at discounts.

Same pattern like uti

Bhim upi mandate validation shows unsuccessful. Brokers menu shows that blocking of fund is rejected by sponsored bank (axis bk) for technical reason for two applications.
But the fund is blocked.
The same thing happened in case of Cams ipo but I got allotment.
Now what to happen !

For both ,new mandate has come.
For one block is released. For the other block is still there
Whats happening!

@ SDZ still holding car trade.
Secondly I have query on car trade. Have they declared qtr 1 result or already declared pre listing. Any idea.

No Amit.. I traded CarTrade twice or thrice in 1520-1580 range and sold it off within a week

Can it be listed at a discount?

YES

This has a chance of discounted listing and then moving up.
note: I have applied 5 lots & will be hoping for positive listing.

In review Paras & Ami organics Zomato are given rating "May Apply" but Sansera & Aditya Birla got "Apply" Ratings. What it means. May Apply is better than apply or people feel So.

How much application wise?

Priced in such a manner that it left nothing on the table for IPO investors. At 39 PE its same as NAM, and a little less than HDFC AMC and more than UTI AMC.

I saw an interview where the person representing this company said that HDFC AMC trades at much higher PE and therefore their PE is justified.

Bhai how can you compare yourself to the sector leader and say you also deserve the same PE.

Also after that HDFC AMC has also fallen and the valuation gap has closed between almost all AMCs.. so does not seem to be any scope of valuation rerating and high listing gains in this IPO (also confirmed by lackluster subscription figures in all categories).

I have not applied. Preserving capital for the next set of IPOs.

It is a kind request to not to mislead others. Please get your data corrected.

@ ipo share
Top 5 Largest AMC in India with their market share.
1. SBI - 15.67%
2. ICICI - 12.83%
3. HDFC - 12.52%
4. Aditya Birla - 8.25%
5. Kotak Mahindra - 7.41%

It doesn''t look like as a competition between horse and donkey.

FYI
HDFC AMC lost their 2nd position to ICICI in last quarter.
Beside that their QoQ growth in AUM was the least among the Top 10.

Being Positive...
I have applied for 4 lots in retail category...
Whenever, I see negativity about any IPO, I see it as an opportunity and a learning lesson.
It may give descent gains over short to mid term.

True Swapnil

I have applied through 6 Retail and 36 Lots in Shareholder category.

I am confident that AMC stocks will provide better returns ( due to High cash flow and low capital intensive nature business).

I am confident that they will post better quarterly results for Q2 and in case need to hold for long term( due to -ve listing) , we can expect dividend also along with Q2 results.

Considering the size of ipo subscription figures are not that much bad.

@ M Rabi sir
I am thankful to you sir that you have created a protection shield of 136000 shares for us.

@Ashoke Sarkar, Thanks, but Its only 61520 shares I have applied. (regret for my earlier wrong message)

The people who are talking about long term because of brand value of Aditya Birla then why doesn''t this brand name work for Aditya Birla capital which has eroded half of wealth since its listing 3 years back.
If anyone has to go for long term then why should he/she go with market leader with strong parentage, management and decent valuation after recent fall?

Aditya Birla AMC and Aditya Birla Capital is totally different nature of businesses. One managing the funds, service provider. Second one is the lender. Few players like DHFL, Altico etc become insolvent due to Asset Liability mismatches. Edelweiss, Aditya Birla Capital, L&T Finance Holdings and few more all have stressed book portfolio due to COVID.

@ Jetha Lal

It''s absolutely correct on your part to be a bit apprehensive here. But most Birla run companies have rewarded shareholders in the form of capital appreciation. This is not GIC or NIA type toy that makes every baby who holds it cry.
It''s the name that matters the most in the markets. and here in the name of BIRLA we invest.

Very decent subscription on big size ipo...

With 11 lead managers, qib portion should atleast be 11 times.

Yes, good subscription figures till now for BIG size ipo