Profit decreasing yoy. And purpose of IPO is mentioned as to achieve listing gains. Seems like promoter will exit at higher valuations. Both these points I think are negative. I may be wrong. Can anyone comment on this ..
1. Non stop hammering of UTI AMC continues in grey market till late last night. Interesting to see its GMP pattern ahead of IPO. A rock solid Anchor List 'may provide' some support to falling GMP.
2. IPO of Equitas Small Finance Bank is expected to come very soon. So take position...
194.1. mann mundra| Link| Bookmark|
September 26, 2020 12:43:39 PM
Top Contributor (200+ Posts, 100+ Likes)
its all game of grey markets punters to trap retail customers . otherwise jis company ka share 2 din pahle punter log 1000 me grey me trade kar rahe the raato raat ab wo 600 par trade karne lage . 2 din me company ka growth change nahi ho gaya. price decide ke pahle 1000 me acha lag raha hai wahi price fix hone ke baad 600 me bhi acha nahi hai . its game . at 554 its very much resonably price .nothing to loose from here for retail . jo bhi hdfc amc se compare kar rahe hai unko pata hona chahiye ki hdfc amc very fancy and high pe valuation . jo 3700 me hold karke baithe hai hdfc amc ko big leason for them . hdfc amc shares ko 2000 se 3800 tak leke gaye then promoters announced ofs and after that price declining ever . all retailers traped at high priced in hdfc amc . so uti amc coming at very fair price . it is india's largest amc in AUM.
Well said mann mundra Yes its a game No point to compare hdfc amc with uti amc Both have their own negative and positive As far as uti It's a good bet for listing gains and long-term too
194.3. mann mundra| Link| Bookmark|
September 26, 2020 3:23:32 PM
Top Contributor (200+ Posts, 100+ Likes)
thank you @harit ji ,
My point is only that at last in market , only price and valuations matters . punters trying to panic in this ipo just like in route mobile also . route mobile me pahle 225 ka gmp tha lekin baad me 125 ho gaya and phir 250 ho gaya .
uti amc have rich strong balance sheet as well as huge reputation . only concern is revenues not growing after sebi norms on expense ratio but it will have long term postive impact. expense ratio kam hoga to uska benifit customers ko hi hoga aur in long run more customers for amc's.
194.4. Tinkerbell| Link| Bookmark|
September 27, 2020 9:09:03 AM
IPO Mentor (800+ Posts, 1800+ Likes)
Resp@harit ji Resp@Mann mundra ji totally agree with you... I think some people are engaged in creating an environment like Bandhan Bank ipo. At that time also, the gmp of Bandhan Bank was crushed, but the stock was listed above 125 rupees. maybe fear factor carry on.
I found following interesting information about this amc.
UTIAMC is the largest fund manager for Employees Provident Fund Organisation (EPFO) and was mandated to manage 55 per cent of the total EPFO corpus in September, 2019.
Also, it provides PMS service to Coal Mines Provident Fund Organisation (CMPFO), Postal Life Insurance (PLI), Employees' State Insurance Corporation (ESIC), among others. Over the last three years, its PMS business has increased from Rs 1.1 lakh crore to Rs 7 lakh crore - at a CAGR of 143.9 per cent.
Also, the company's NPS segment has the second-largest market share by AUM as on June 30, 2020, accounting for 29.2 per cent of total market share.
It's a fund manager of maximum government policies. It's a must apply ipo. Don't miss it
191.3. Aniketiaf| Link| Bookmark|
September 26, 2020 11:38:45 PM
IPO Guru (1800+ Posts, 10200+ Likes)
AAA- A debt free, constantly Dividend paying company belonging to very demanding sector and business module. Also very reasonably priced IPO. I will definitely apply. But , As it's a Sme IPO and in SME, fundamentals is not at all necessarily work (Specially since last four years) also a big amount is on stake so only heavy risk taker can apply after own research. Good Night.
Some members pointing the attractive valuation of UTI when compared with HDFCAMC but they are forgetting the growth in AUM achieved by HDFCAMC and the decline in AUM for UTI in last few years. Higher valuation is always there for companies with growth.
As per your link, UTIAMC is now 8th largest AMC in India(not seventh) in terms of mutual fund QAAUM with Rs 1,303.4 billion. So, take informed decision. The company AUM has decreased from Rs 1,542.3 billion( at the time of filing DRHP) to Rs 1,303.4 billion.
Bas listing gain k liye apply karna hi sahi rahega, one should not go for long term with this script. Growth is not promising.
Your link: https://www.morningstar.in/tools/mutual-fund-amfi-average-aum-by-fund-house.aspx
NforNandkishor Ji. Yes I agree with your analysis. My view is also the same.
The point for sharing the link was to show that HDFCAMC is better in terms of AUM growth when compared with Nippon/UTI hence it command a premium in terms of valuation. P/E ratio is not everything when evaluation a company's valuation.
186.3. mann mundra| Link| Bookmark|
September 26, 2020 4:04:33 PM
Top Contributor (200+ Posts, 100+ Likes)
Lower PE stocks with good growth can be low risk and high reward bet.
But most of the times lower PE and "low earning growth" stocks are value trap. Their PE and price remains low for long period of time sometimes even decades. Look what is happening to ITC and how NESTLE/HUL etc have grown. Look what has happened to low PE PSU stocks.
@187 ANIKETIAF.. Is that any possibilities of subscription figures & returns like Zita healthcare... Will pleased to see u on sme segment.... Thanks ..