{"id":581,"date":"2020-10-06T06:59:56","date_gmt":"2020-10-06T06:59:56","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=581"},"modified":"2020-10-06T06:59:59","modified_gmt":"2020-10-06T06:59:59","slug":"september-month-was-belonged-to-ipos-should-you-stay-invested","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/september-month-was-belonged-to-ipos-should-you-stay-invested\/","title":{"rendered":"September month was belonged to IPOs. Should you stay invested?"},"content":{"rendered":"
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September\nmonth is highly valued in the world equity markets due to long saying that\n\u201cSell in May and Go Away, and come back on St. Leger\u2019s Day in mid-September.\nThis claims for sell your equities in May and enter back in September. While,\nthis year \u2018September\u2019 will be remembered for hasty listings by Indian companies\nto get their name on the exchanges and achieve listing benefits due to bullish\nmarket. Happiest Minds, Route Mobile, Computer Age Management Services, Chemcon\nSpeciality Chemicals and Angel Broking have been listed on Indian bourses so\nfar while UTI Asset Management Company, Mazagon Dock shipbuilders and Likhitha\nInfrastructure will list in October but opened for subscription in September.\nNo one could deny the fact that most of the IPOs were listed with more than\n100% gains and have managed to sustain at higher prices further which shows\ntheir strong fundamentals and power pack parental control while only one IPO\nwas listed at a discount. However, the mood of investors towards primary market\nis intact and upcoming IPOs are expected to list strongly.<\/p>\n\n\n\n

Here is an\nexplanation on listed and future performance of IPOs listed in September:<\/p>\n\n\n\n

Happiest Minds Technologies: <\/strong>Ashok Soota led IT Company offers a\nproduct portfolio that includes digital transformation, product engineering,\ninfrastructure management and security services. The IPO gained maximum hype in\ncomparison with others. The tech-savvy rookie was listed with 134% gains and\ncontinued to trade at higher levels as institutional managers consider it a\ngood bet in the upcoming times. As on Oct 05, 2020, the stock was closed at 345\nlevels. The small-sized IT firm has a strong presence globally as 77.5%\nbusiness comes from U.S. while India accounts for 11.9% of the total business.\nWith the presence of strong promoters and unavailability of any Indian\ncompetitor, the IPO deserves to remain a part of your portfolio for long term\nhorizon.<\/p>\n\n\n\n

Route Mobile Ltd.: <\/strong>The recent transformation of spending\nmore time on computers and mobile rather than physical dependence has supported\ndigital marketing more. Route Mobile is a leading Cloud Communication Platform\nprovider that provides wide range of enterprise communication services includes\nsmart solutions in Messaging, Voice, Email, and SMS Filtering, Analytics &\nMonetization. The stock was listed in the elite club of more than 100% listing\ngains. The stock gained so much traction after the Goldman Sachs acquired 4.75\nlakhs shares India fund, 8 lakh shares though Trust Emerging Markets Equity\nFund and 11 lakh shares through Global Emerging Market Equity Portfolio. The\ncompany is evolving itself in a less penetrated market so the real potential of\nits offerings has not unlocked yet. The enterprise is serving world’s largest\norganizations, including several Fortune Global 500 companies. The stock should\nbe considered for investment and should find place in portfolio.<\/p>\n\n\n\n

Chemcon Specialty chemicals: <\/strong>Chemcon speciality chemicals are the\nsole producer of HMDS (Hexamethyldisilazane) and CMIC which are used in\npharmaceutical industry predominantly. The company is the third largest\nmanufacturer of HMDS and second largest manufacturer of CMIC in the world. The\ncompany produces Calcium Bromide, Zinc Bromide and Sodium Bromide which are\nused as completion fluids in the oilfields. The stock was listed with more than\n100% gains but failed to sustain with listing gains and plunged sharply. There\nis no denying the fact that the company has many competitors in listed space\nbut their product offering is distinct. The strong entry barriers in the sector\ndue to lengthy approval process and heavy expenditure on R&D department\nmakes it a good bet. The investors should look for adding the stock on dips\nwith a long term view. <\/p>\n\n\n\n

Computer Age Management Services: <\/strong>India\u2019s largest registrar and\ntransfer agent of mutual funds made a debut with 26% this month. The company\nhas no competitor in the listed space while in the company faces competition\nfrom Karvy Fintech (now named as \u2018KFintech\u2019) and Franklin Templeton Asset\nManagement (India) Pvt Ltd. (FTAMIL). The company has strong potential of\nincreasing their clientage due to their strong background and the market in\nwhich it operates is highly less penetrated. The company will perform in\nparallel with the mutual fund industry. Goldman Sachs, Fidelity Investments and\nCanara Rebeco Mutual fund bought 32 lakhs shares in the company. The\nasset-light business model of the company will push for healthy payout to their\nshareholders. The investors should look upon adding this stock in their\nportfolio at every dip.<\/p>\n\n\n\n

Angle Broking Ltd.: <\/strong>The brokerage company is the oldest brokerage house covering the customer reach of 96.87% or 18,649 pin codes in India and managing Rs. 132,540 million in client assets as of June 30, 2020. The company has enhanced its client engagement after the incorporation of technology in all their services right from the launch of their mobile application for broking services, KYC authentication and complete client on-boarding. The stock has made a debut with 10% discount from its issue price. There is a flood of competitors in the field of broking industry in India and broking companies go through tough competition. The brokerage houses have no control over their pricing structure. The investors should avoid this stock due to unavailability of any performance factor.<\/p>\n\n\n\n

For more details of IPOs, visit at https:\/\/www.invest19.com\/ipo\/<\/a><\/p>\n

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September month is highly valued in the world equity markets due to long saying that \u201cSell in May and Go Away, and come back on […] Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70,7],"tags":[],"class_list":["post-581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-investment"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=581"}],"version-history":[{"count":3,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/581\/revisions"}],"predecessor-version":[{"id":585,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/581\/revisions\/585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/582"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}