Hot Deal CAMs, Chemcon and Angel Broking IPO reviews

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CAMs, Chemcon and Angel Broking IPO reviews
Deal Expired

What are your opinion guys???
Today ipos for CAMs n Chemcon have already commenced.

200 Comments  |  
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For me chemcon is a go,
CAMS – Avoid
Angel – Need to see 1st day figures.

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UTI AMC IPO – Schedule (Tentative)

25th Sept – Announcement of Price Band
29th Sept – Anchor Investors Allotment
30th Sept – Offer Opens
05th Oct – Offer Closes
08th Oct – Finalisation of Basis of Allotment
09th Oct – Unblocking of ASBA Accounts
12th Oct – Credit of Equity Shares to Depository Accounts
13th Oct – Commencement of Trading

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CAMS is good for long run, but expect some headwinds in the short term.

CAMS derive nearly 90% of revenue from servicing mutual funds.
Dip in mutual funds inflow and declining markets due to COVID doesn’t augur well in the short term.

P.S. I subscribed CAMS primarily because of strong cash flows, margins in the range of 35-40%, asset light business model, and high entry barrier.

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Avoid Chemcon at all costs!!

Would you lend your money to a person with criminal record?

One of the promoters has criminal case going on. Further, there is a litigation on Insider trading by SEBI.

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duke wrote:

Avoid Chemcon at all costs!!

Would you lend your money to a person with criminal record?

One of the promoters has criminal case going on. Further, there is a litigation on Insider trading by SEBI.

Ofcourse not!
But then Who cares if fig will be 100-200x, take the listing gain and get aside. Most ipos deserve to be exited on listing. Even HDFC AMC dived to 1200 even though it listed at 60% premium from its issue price of 1100.

Low float is a moat these days! laughing
@Awake

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duke wrote:

CAMS is good for long run, but expect some headwinds in the short term.

CAMS derive nearly 90% of revenue from servicing mutual funds.
Dip in mutual funds inflow and declining markets due to COVID doesn’t augur well in the short term.

P.S. I subscribed CAMS primarily because of strong cash flows, margins in the range of 35-40%, asset light business model, and high entry barrier.

It’s a portfolio stock. Market leader, almost monopoly.
But Valuations not good for Listing gains. People may get disappointed as there’s less scope of listing gains due to stretched Valuations. For instance, Hdfc amc is around 39pe and it is around 35. If it lists 50% premium (probability is low), it’ll be trading way more than HDFC AMC and that imo isn’t sustainable for LONG.
BUT, it’s indeed a pf stock. Add on major dips type.

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BubbleBoyChickenLittle wrote:

Ofcourse not!
But then Who cares if fig will be 100-200x, take the listing gain and get aside. Most ipos deserve to be exited on listing. Even HDFC AMC dived to 1200 even though it listed at 60% premium from its issue price of 1100.

Low float is a moat these days! laughing
@Awake

Yeah, keep dancing till the music stops!
But make sure you aren’t dancing alone!!

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BubbleBoyChickenLittle wrote:

It’s a portfolio stock. Market leader, almost monopoly.
But Valuations not good for Listing gains. People may get disappointed as there’s less scope of listing gains due to stretched Valuations. For instance, Hdfc amc is around 39pe and it is around 35. If it lists 50% premium (probability is low), it’ll be trading way more than HDFC AMC and that imo isn’t sustainable for LONG.
BUT, it’s indeed a pf stock. Add on major dips type.

What’s low float is a moat? Please shed some light on it.

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bikidas2060 wrote:

What’s low float is a moat? Please shed some light on it.

Arey mazak h bhai, take it with a pinch of salt. stuck_out_tongue
Ye koi business ka fundamental nahi hota.
Low float stocks are those with a low number of shares, basically less supply more demand leads to higher stock price and thus higher volatility as well.
@Awake

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BubbleBoyChickenLittle wrote:

It’s a portfolio stock. Market leader, almost monopoly.
But Valuations not good for Listing gains. People may get disappointed as there’s less scope of listing gains due to stretched Valuations. For instance, Hdfc amc is around 39pe and it is around 35. If it lists 50% premium (probability is low), it’ll be trading way more than HDFC AMC and that imo isn’t sustainable for LONG.
BUT, it’s indeed a pf stock. Add on major dips type.

True, I expect it to trade below IPO price before December, and that would be good opportunity to add more of it.

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BubbleBoyChickenLittle wrote:

Arey mazak h bhai, take it with a pinch of salt. stuck_out_tongue
Ye koi business ka fundamental nahi hota.
Low float stocks are those with a low number of shares, basically less supply more demand leads to higher stock price and thus higher volatility as well.
@Awake

@bikidas2060
Free float is basically total equity shares, excluding shares held by promoters or govt etc. Basically mota mota total shares in supply!
Ex – Ruchi soya! Supply was too low in the market, and hence demand kept taking prices higher!!

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Awake wrote:

@bikidas2060
Free float is basically total equity shares, excluding shares held by promoters or govt etc. Basically mota mota total shares in supply!
Ex – Ruchi soya! Supply was too low in the market, and hence demand kept taking prices higher!!

Right bhai. Thank youuuuuu

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BubbleBoyChickenLittle wrote:

Arey mazak h bhai, take it with a pinch of salt. stuck_out_tongue
Ye koi business ka fundamental nahi hota.
Low float stocks are those with a low number of shares, basically less supply more demand leads to higher stock price and thus higher volatility as well.
@Awake

I got it bro. 🙂🙂🙂🤡🐒

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BubbleBoyChickenLittle wrote:

It’s a portfolio stock. Market leader, almost monopoly.
But Valuations not good for Listing gains. People may get disappointed as there’s less scope of listing gains due to stretched Valuations. For instance, Hdfc amc is around 39pe and it is around 35. If it lists 50% premium (probability is low), it’ll be trading way more than HDFC AMC and that imo isn’t sustainable for LONG.
BUT, it’s indeed a pf stock. Add on major dips type.

The main point is they make money when their clients grow sunglasses

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MrKool_JJ wrote:

The main point is they make money when their clients grow sunglasses

These back to back IPO’s may ruin the party for all confused cry

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Should I apply for one lot in each or applying for more lots will have better chances (or more shares) for allotment in CAMS and CHEMCON?

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image wrote:

Should I apply for one lot in each or applying for more lots will have better chances (or more shares) for allotment in CAMS and CHEMCON?

1lot 1 pan 1 demat
Always ensure you are following this 1-1-1 rule when ipo is oversubscribed. smile
#ApkaApnaJJ relieved

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MrKool_JJ wrote:

1lot 1 pan 1 demat
Always ensure you are following this 1-1-1 rule when ipo is oversubscribed. smile
#ApkaApnaJJ relieved

So, when oversubscribed, the lottery is just based on pan/no. of applications irrespective of lots applied

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insta wrote:

So, when oversubscribed, the lottery is just based on pan/no. of applications irrespective of lots applied

If one applicant is applying more than 1 lots from his/her same pan and different demat then and there itself he/she is out of the race sweat_smile

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Except angel , apply other two. Sure angel ipo will be listing loss  ,at current market conditions

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Stats for all 3 firms are not at all convincing.
As usual, day 3 will be the gamechanger hushed

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Chittorgarh is good website for ipo related info

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If two back to back IPOs(HM,RM) give good returns, then it definitely encourage investors to apply for succeeding IPO without any good reason. smile

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