Client Feedback

According to data from Association of Mutual Funds in India, the number of folios with 45 fund houses rose to 9,21,05,737 at the end of last month, from 9,15,42,092 at June-end, registering a gain of 5.63 lakh folios.

Anand Rathi has come out with its report on Equitas Small Finance Bank. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on October 20, 2020

Hem Securities has come out with its report on Equitas Small Finance Bank. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on October 19, 2020

KR Choksey has come out with its report on Equitas Small Finance Bank. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on October 19, 2020

Arihant Capital has come out with its report on Equitas Small Finance Bank. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on October 19, 2020

ICICI Direct has come out with its report on Equitas Small Finance Bank. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on October 19, 2020

The current market capitalisation of the company stood at Rs 269.44 crore, with promoters#39; shareholding in the company at 74 percent post issue.

At the time of filing DRHP in December 2019, promoter Equitas Holdings held 95.49 percent stake in Equitas Small Finance Bank.

The bumper listing was in line with analysts#39; expectations given company#39;s strong orderbook position, attractive valuations and hefty IPO subscription.

Given the tepid response to IPO and consistent redemption pressure from investors in the mutual fund industry for last three months, the listing was on expected lines.

Angel Broking has the second weakest listing of 2020. It traded with volumes of 8,94,431 equity shares on the BSE and 85,46,238 shares on the NSE.

If someone wants to buy Angel Broking, they should wait for a decent correction before adding this counter, Gaurav Garg of CapitalVia Global Research said.

The listing was in line with analysts#39; expectations citing valuations concerns, muted revenue growth despite robust client additions and rising competition in the broking industry.

Hemang Jani of Motilal Oswal Financial Services advised investors to hold the company for the long term given its business model and healthy financials

The listing premium was definitely higher than Happiest Minds Technologies (111 percent premium)

Ajcon Global has come out with its report on UTI Asset Management Company. The research firm has recommended to #39;#39;Subscribe#39;#39; the ipo in its research report as on September 29, 2020