Aptus Value Housing Finance, Chemplast Sanmar make WEAK market debut! what should you do? Check what Anil Singhvi suggested

The two companies — Aptus Value Housing Finance and Chemplast Sanmar — make a weak market debut on Tuesday, however, almost in-line with Zee Business Managing Editor and market guru Anil Singhvi’s expectations. Both companies’ share sale was launched between 10-12 August 2021.

Aptus Value got listed 6.5 per cent lower to Rs 329.95 per share on the BSE, while 5.7 per cent fall in to Rs 333 per share on the NSE. Similarly, Chemplast Sanmar got listed down 3 per cent to Rs 525 per share on the BSE and up 1.7 per cent to Rs 550 per share on the NSE on Tuesday.

See Zee Business Live TV Streaming Below:

The managing editor in his listing preview had expected, “Aptus Value to list below issue price of Rs 353 per share, he advises, long term investors can enter at lower levels if stock falls by 10 to 20 per cent below issue price. Similarly, Chemplast Sanmar would list near issue price of Rs 541 per share.”

Aptus Value made an almost the same high of Rs 348.8 per share on both the BSE and NSE, while Chemplast also registered same 52-week high of Rs 550 per share on both the NSE and BSE. 

The Rs 2,780-crore initial public offer of Aptus Value received bids for 94,82,42,442 shares against 5,51,28,500 shares offered, aa per exchanges data. The IPO had a fresh issue of up to Rs 500 crore and an offer for sale of up to 6,45,90,695 equity shares, with a price range of Rs 346-353 apiece.

The Rs 3850-crore initial public offer (IPO) of Chemplast Sanmar received bids for 8,66,38,140 shares against 3,99,52,829 shares offered, as per exchanges data. It comprises a fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 2,550 crore, with a price range of Rs 530-541 a share.

Aptus Value Housing Finance a day before its IPO launch had raised Rs 834 crore from anchor investors. Similarly, Chemplast Sanmar, head of its IPO launch, had mobilised over Rs 1,732 crore from anchor investors.