As per GMP apni lagne to wali hai..But hoping not for worst ... in the end Profit and Loss is the part of Business... Let's see...jo hoga wo dekha jayega..all the best to all who applied.
meri to dua hai, sabko allotment mile. Jo sab reh gaye hai allotment bina pichle allotment mein, sabko mil aur woh bhi bhar ke mile...2 paise mast kama sakenge
378. ipobull| Link| Bookmark|
October 6, 2020 11:02:20 AM
IPO Guru (1000+ Posts, 1000+ Likes)
I think one can safely invest in this stock at 350
There is basic difference between UTI AMC and Angel. Angel was expected to come around 250-260, but greed of promotor, fixed price of 306. Whereas UTI AMC valuation was lower than the expected price.
372.1. Scrip| Link| Bookmark|
October 3, 2020 4:29:51 PM
Top Contributor (500+ Posts, 200+ Likes)
IPO application may be withdrawn by an applicant by writing a letter, to the Registrar of the issue, highlighting the Company’s name and clearly mentioning complete application number, names as in the application and signatures of all applicants. The applicant has to ensure that the withdrawal application is received by the registrar prior to finalization of the Basis of Allotment. The withdrawal or cancellation of withdrawal will not be considered if the issuer has finalized and submitted Basis of Allotment to the Stock Exchange.
For more help on this contact your Relationship Manager at ICICI Direct.
Very good information, But do we have email id or any straight forward process for cancellation of the application - request to be sent to registrar ...?
372.3. Scrip| Link| Bookmark|
October 5, 2020 3:06:03 PM
Top Contributor (500+ Posts, 200+ Likes)
I have mailed einward.ris@kfintech.com for withdrawing my application. Will my application be canceled for sure? When can I receive any response if it is canceled?
@monty tailor I haven't subscribed angel, Sentiments regarding new and recently listed ipo
@chem cho I have never cancelled ipo application before, Just called in the morning on above number and they guided me for the same, I don't care either cancel or go thru Let's see
Dear Investors, whoever applied for UTI AMC..no need to panic about listing..it will be open @ premium only, It might not be hefty but one can expect at least 25-30 % gain...after angel broking flop performance, the promoter of the company made the selfish decision as they increase the base price and they did not left anything for the investors but here UTI finalized fair base price so that investors can have reasonable gain on it, All the best to all the best..Jai Hind
SUCCESS IN IPO = A * SUBSCRIPTION + B* GMP + C*RECO OF EXPERT1 + D* RECO OF EXPERT2
I am such a fool who have been trying to learn Stock market investing for last 2-3 decades when a simple equation like already available in this forum which could have made me a billionaire by now. Poor me.........
364. Eagleye| Link| Bookmark|
September 29, 2020 7:52:37 PM
IPO Guru (6600+ Posts, 22000+ Likes)
UTI AMC IPO – *Market’s Current Estimates of oversubscription*:
NII = 10K Crs. = ~31.03X RII = 12L Forms = 2.39X Applic. wise (Avg allotment of ~11.31 shares per lot)
Interest cost *@7.00%p.a.* for 8days = 85.00paise for 1X
Thus, for NII the costing = 31.03 X 85.00paise = Rs.26.37 per share (= GMP)
And, for RII the costing = 11.31 X 26.37 = Rs.298/- (= Kostak)
364.6. Chem cho| Link| Bookmark|
October 4, 2020 12:34:05 PM
IPO Guru (2600+ Posts, 2700+ Likes)
YES i also expected the above said fiqures mentioned by Eagleye and most of then agreed to it But it is of no use to crtisice any one if the figures are below the expectetion , some brokers want it to go below the IPO price , so that they can buy in big lot at low price
Experts can only estimate fair price of a stock on the day of estimation. Irrational movements of stocks by operators can not be predicted. Future news flow also can not be predicted, almost.
Eagle Eye prediction was based on the GMP at that time, GMP will automatically change in case of lower subscription. I had applied one lot only. I will be happy if it lists above 554, otherwise, I will hold it for 2-3 years for 1000+ targets as AMCs will shine in near future.