Four new IPOs to open for subscription as market witness the big push
The year 2021 appears to be booming for companies seeking to list their initial public offerings (IPOs) on the Bombay Stock Exchange (BSE). According to BSE data, at least 36 IPOs have already been listed on Dalal Street, with many more on the way.
This week, Indian stock markets are set to witness the arrival of four new IPOs – CarTrade Tech, Chemplast Sanmar, Nuvoco Vistas and Aptus Value Housing Finance.
CarTrade Tech, an online auto classifieds platform, will list its IPO on August 9 and close it on August 11, 2021. It is offering 18.53 million shares held by existing shareholders and promoters for sale. Through this offer, the company is aiming to raise Rs 2,998.51 crore. The Mumbai-based multi-channel auto platform provides various types of vehicles and value-added services to its customers.
Nuvoco Vistas Corporation
Nuvoco Vistas, Nirma Group’s cement company, is also scheduled to start public issue bidding from August 9-11. At a price band of Rs 560-570 per equity share, the company is offering a fresh issuance of Rs 1,500 crore and OFS (offer for sale) of Rs 3,500 crore. Nuvoco is planning on raising Rs 5,000 crore through its initial IPO.
Aptus Value Housing
The retail-focused housing finance company Aptus Value Housing Finance is open for an IPO subscription between August 10-12 at a fixed price band of Rs 346-353 per equity share. With a fresh issue of Rs 500 crore and OFS of upto 6,45,90,695 equity shares, the Chennai-based company is looking forward to raising Rs 2,780.05 crore through its IPO offering.
Chennai-based specialty chemicals manufacturer, Chemplast Sanmar, will be launching its IPO on August 10 to raise Rs 3,850 crore through its initial offer of a fresh issue of Rs 1,300 crore and OFS of Rs 2,550 crore by promoters including Sanmar Holdings (SHL) and Sanmar Engineering Services (SESL). The offer will close down on August 12. The company has fixed its price band between Rs 530-541 per equity share.
As per reports, these four IPOs will raise up to Rs 15,640 crore from investors, making it one of the most significant weeks for the IPO market. Meanwhile, traders and analysts are expecting more IPOs to be listed in the coming weeks, turning the grey market exciting for upcoming issues.