CAMS is Largest Infrastructure and Services Provider in the Indian for Indian MF industry. Furthermore, a majority of population are willing to invest in mutual funds than directly into equity market. Also, the penetration levels of MF industry are also very low; this gives a tremendous amount of scope of growth for CAMS.
I believe that CAMS is a much better IPO than Angel Broking because broking business is volatile in nature where as CAMS who provides back end services to MF industry is a much stable business that broking.
I personally do not think this share is a good long term investment. Look at what happened in 5Paisa Capital. Quoting at discount to IPO price and thin trading volume.
Stock broking is a low margin but a high risk business. Cost of compliance is going up significantly. It needs massive scale to be profitable. Also exposed to stock market volatility. As soon as the indices tank the bunch of new Robinhood investors will withdraw from stock trading after burning their fingers.
There will be selling pressure on allotment as investors exit to book short term profit.
I am holding demat account in Angel Broking and trying to get in touch with them regarding holding statement but none of their offices are operational and getting no response from their end as well. I am facing losses because of the poor customer support this company is providing.
IF ANGEL BROKING IS NOT RESPONDING TO ITS CUSTOMERS, THEN HOW WILL THEY GIVE RETURN / GROWH / DIVIDEND TO ITS INVESTORS?
I AM ALSO HOLDING DEMAT ACCOUNT OF ANGEL BROKING SINCE 4 YEARS BUT STOPPED TRADING IN IT SINCE 3 YEARS. THERE HASN'T BEEN ANY EFFORT FROM THEIR END TO CONVEINCE ME TO USE THEIR PLATFORM.
I AM NOT GOING TO INVEST IN ANGEL BROKING IN THIS TURBULENT CONDITIONS OF MARKET.
Consider a Retail Investor applies for 4-5 lots of an IPO amounting more than 40,000 Rupees using BHIM UPI...since BHIM UPI doesn't allow more than 40,000 Rupees transactions per day will the Retail Investor's subscription get approved through BHIM? Thank You
108.1. lekker| Link| Bookmark|
September 22, 2020 10:01:00 PM
IPO Guru (1300+ Posts, 2000+ Likes)
For IPO mandate upto 2 lacs allowed to block & withdraw through UPI.
Read Q8 from https://www.npci.org.in/sites/default/files/FAQs%20on%20UPI%202.0%20IPO%20for%20Customer.pdf
108.2. lekker| Link| Bookmark|
September 22, 2020 10:03:16 PM
IPO Guru (1300+ Posts, 2000+ Likes)
dont get confuse in between standard UPI money transaction and IPO UPI mandate.
Kabhi kabhi apana logic aise hi lagane se confusion badh jata hai....
If I want to bid more than 2 Lakhs for an IPO under the NII category using UPI of BHIM app will BHIM approve because in BHIM UPI TRANSACTIONS of more than 40,000 Rupees per day cannot be done... If not possible then what is the procedure to get approved while bidding for more than 2 Lakhs... THANK YOU
Egeleye and other experts give some view on Angel broking ipo listing and current gmp and grey market activities your advice very valuable for retailers thanks
Due to recent IPO listings like Rossary, Happiest and Route, everyone thinks that listing gain/GMP must be greater than 80%, then only IPO is applicable. And I think, it was due to the momentum/euphoria!
But earlier, we were used to be happy with even 20 to 30% listing gain as well. Only in rare cases, the listing gain was 100%. IPO's prior to Rossary, you'll rarely see this kind of listing gain (almost 100%). I recall HDFC AMC, where people got really happy with even 50% listing gain.
And that's why people think that this IPO is completely avoid (even I'm hesitated a bit) due to just around 20% listing gain. I understand the concern is trust here, since they have increased the base price by 50 Rs by taking the advantage of recent IPOs and favoring market conditions.