242. Chem cho| Link| Bookmark|
September 24, 2020 2:32:25 PM
IPO Guru (2600+ Posts, 2700+ Likes)
Should be Bumber Listing UTI Asset Management company Price is very cheap @ Rs 554 Nifty at 10950 sensex 37037 1.20 PM DATE 24/09/2020 Should apply even if NIFTY Tests Lower Than 10900 -10800
242.1. Chem cho| Link| Bookmark|
September 24, 2020 6:25:50 PM
IPO Guru (2600+ Posts, 2700+ Likes)
THANKS for negative MARKING
242.2. RJ Rocks| Link| Bookmark|
September 25, 2020 10:12:20 AM
IPO Mentor (500+ Posts, 200+ Likes)
Chem cho sir, your review is valuable for us. we are following these forum from many years. please avoid negativity of peoples. and keep helping retailers like us. thanks a lot for valuable response in every IPO.
i doubt there would be bumper listing...looks like pricing of this IPO is pulling other listed AMC price to multimonth low. lets see
242.4. Chem cho| Link| Bookmark|
September 25, 2020 2:02:29 PM
IPO Guru (2600+ Posts, 2700+ Likes)
YES HDFC AMC and NIppon AMC NAM are going down , hdfc amc to their lows today 2070 (25/09/20 ) 11.40 am but once the IPO opens you will see boost in HDFC AMC and NAM and if HDFCAMC goes up you will see good listing Also @ RS 554 it is cheap (long term good ) Subject to Market conditions Niffty should in range above 11300 - 11500 on 12 oct 2020
Then what about Nam india is cheap or overvalued? Can buy current mkt price?. Tks.
242.6. Chem cho| Link| Bookmark|
September 26, 2020 7:44:24 AM
IPO Guru (2600+ Posts, 2700+ Likes)
NAM at RS 250 -254 is worth buying It has selling pressure at Rs 274 -and also when it crosses Rs 294 Many brokers recomded Nam over HDFCAMC but at Rs 2070 Hdfc AMc was buy
@Amitji Yes u r right..previously AA was the largest promoter of RNAM but to reduce debts, he sold all of his mutual fund business to it's partner Nippon Life..Now Nippon Life holds 75% stake in RNAM. Infact they have even removed the reliance tag across it's products. It's just Nippon Asset Management Company now.
242.11. Chem cho| Link| Bookmark|
September 29, 2020 6:44:51 AM
IPO Guru (2600+ Posts, 2700+ Likes)
I had given buy call for HDFC AMC on 25/9/20 low Rs 2070 on 28/09/20 it is up massive 6.85 % over the last closing of Rs 2110 and 8.3% on buy call @Rs 2070 Those who purchase Mutal funds , it is better to purchase share of HDFC AMC , NAM , UTI asset Management and hold it for long term Risk is less Remember once the sept 2020 results of uti amc are anounced in oct 2020 you will not be able to buy this stock at listing price , (forget about the IPO price of Rs 554 )
241. BullOverBear| Link| Bookmark|
September 29, 2020 1:47:39 AM
Top Contributor (300+ Posts, 100+ Likes)
UTI AMC:
1- Sounds good on Name of UTI, otherwise I hardly find anyone who purchased its MF in past 4-5 years.
2- See the Financials posted by Admin on this mainpage: Revenue decreasing and Profit too decreasing. For year 2019-20 Rev and PAT decreased 17.57% and 20.5% Y-o-Y respectively. [Number also available on pg 219-220 of RHP] Besides this FY there is net outflow from MFs, hence no expectations.
3. Financial Results also shows mgmt's efforts to perform. :(
The only essence here is to play for listing gains. However the bet could go sour if listing day sentiments doesn't remains favorable, due to poor financial performance.
I may apply based on overall market conditioning, for listing gains ONLY.
Disclaimer: Above is my preliminary analysis for this IPO. Its always good to do your won analysis.
240. KING VINOD| Link| Bookmark|
September 29, 2020 12:52:34 AM
IPO Guru (2500 Posts, 5400+ Likes)
Yes Very Good Anchor Book GMP should move Higher
239. KING VINOD| Link| Bookmark|
September 29, 2020 12:50:58 AM
IPO Guru (2500 Posts, 5400+ Likes)
Good Anchor List. There are 27 local and FII participated. Including HSBC, NOMURA GOLDMAN, BNP, MORGAN STANLEY etc GMP may improve. It seems QIB portion will also subscribe well..
238.1. Aniketiaf| Link| Bookmark|
September 29, 2020 12:36:51 AM
IPO Guru (1800+ Posts, 10200+ Likes)
On the UTI AMC IPO - Note that all employees have got stock options at Rs. 728 per share. The IPO itself is at 554. Which means the stock has to go up roughly 50% just for the employees to go above water.
Forwarded as received , did not check authenticity.
Business model is excellent. future is bright and always demanding business.Must apply.Service base business is always excellent. whether market go up or down they are always profitable.
suggestion and idea if applied comment section will be clean
I seen many people continuously asking same and common questions and due to that many comments on top that is not usefull for others minor account application that is repeated but can be seen via faq
So basically when someone submit comment with minor and try to post comment we need to stop that and show a direct faq links with that words
Can be applied for listing gain,long term prospects not that good. Has no usp apart from old UTI name, mutual funds from bank houses have captured the majority of market share.
224. Manup| Link| Bookmark|
September 28, 2020 5:32:38 PM
Top Contributor (400+ Posts, 200+ Likes)
Apply for modest listing gain
223. G.kumar| Link| Bookmark|
September 28, 2020 3:52:20 PM
IPO Guru (1000+ Posts, 700+ Likes)
Yes it allows me to transfer.from minor to parent and third prty too..