GMP Signals on last day of IPO: Chemplast Sanmar and Aptus Value Housing Finance

The four companies, including CarTrade and Nuvoco, which opened their initial share sales on Monday this week, raised a total of 14,628 crore.

The four companies, including CarTrade and Nuvoco, which opened their initial share sales on Monday this week, raised a total of 14,628 crore.

As of today, both Chemplast Sanmar and Aptus Value Housing Finance have completed their initial public offerings (IPOs), which began on August 10. The four companies, including CarTrade and Nuvoco, which opened their initial share sales on Monday this week, raised a total of 14,628 crore.

On the second day of subscription for Chemplast Sanmar's initial public offering, 26 percent of the shares were purchased.

On Wednesday, the second day of subscription, Chemplast Sanmar's initial share sale was subscribed at 26 percent.A total of 1,033,695 shares were offered against the 3,995,289 available, according to exchange data. Retail investors' quota was subscribed 1.29 times, while QIBs' quota was 2 percent and non-institutional investors' quota was 6 percent.

 On the second day of the offer, Aptus Value Housing Finance India received a 37 percent subscription. A total of 5,512,8500 shares were offered in the IPO, and bidders submitted bids for 2,06,36,700 of them. GMP for Chemplast shares on the grey market was 15, while the GMP for the IPO of Aptus today, on the final day of the bidding, was 33 rupees.

Chemplast Sanmar Limited, a specialty chemicals company, set a price range of 530-541 per share. Rs3,850-crore offering includes 1,300-crore fresh equity share issue and a 2,550-crore offer-for-sale (OFS). Anchor investors have contributed more than 1,732 crore to Chemplast Sanmar, according to a statement released on Monday.

As of August 12, the price range for Aptus Value Housing Finance's public offering is 346-353 per share. In the initial public offering (IPO), promoters and existing shareholders will sell up to 6,45,90,695 equity shares.

Source: Live Mint

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