12 Aug , 2021 By : Kanchan Joshi
Chemplast Sanmar and Aptus Value Housing Finance launched their initial public offerings (IPOs) on August 10 and the three-day share sale will close today. The four companies launching their initial share sales, including CarTrade and Nuvoco that had opened on Monday this week to raise over Rs14,628 crore collectively.
The initial share sale of Chemplast Sanmar has been subscribed 0.52 times the final day of of the subscription as of 1:30 pm. The issue received bids for 2,08,75,914 shares against 3,99,52,829 shares on offer, as per exchanges data. The quota for retail investors is booked 1.87 times, while that for Qualified Institutional Buyers (QIBs) 0.26 times and non institutional investors 0.16.
Aptus Value Housing Finance India has received 1.51 times subscription on the last day of offer as of now. The IPO received bids for 8,31,86,460 shares against 5,51,28,500 shares on offer, according to data available with the exchanges.
As per market observers, Chemplast shares were available at a premium (GMP) of Rs15 in the grey market whereas Aptus IPO GMP was at Rs33 today, on the final day of the bidding.
Specialty chemicals company Chemplast Sanmar Limited fixed its price band in the range of Rs530-541 per share. The Rs-3,850-crore issue comprises fresh issue of equity shares worth Rs1,300 crore and an offer-for-sale (OFS) of Rs2,550 crore. On Monday, Chemplast Sanmar said it has collected over Rs1,732 crore from anchor investors.
Aptus Value Housing Finance's public issue, with a price band of Rs346-353 per share, will conclude on August 12. The initial public offering (IPO) comprises fresh issue of equity shares aggregating to Rs500 crore and an offer for sale (OFS) of up to 6,45,90,695 equity shares by promoters and existing shareholders.
Aptus Value Housing Finance on Monday said it has raised Rs834 crore from anchor investors. The net proceeds from the fresh issue will be utilised towards augmenting the company's tier-1 capital requirements.
Aptus Value Housing is one of the largest housing finance companies in South India in terms of asset under management, as of March 31, 2021 and having the largest branch network in South India among its peers.
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