Aptus Value Housing Finance, Chemplast Sanmar IPO: LISTING today! expectations, long-term or short-term investment? STRATEGY decoded

Aptus Value Housing Finance Listing Today: After Nuvoco Vistas Corporation IPO, the initial public offering of Aptus Value Housing Finance will be listed on bourses today, August 24, 2021. Another public offering, Chemplast Sanmar IPO will be also making its market debut on Tuesday.  Nuvoco Vistas Corporation shares disappointed investors by listing nearly 17 per cent below its issue price on Monday.  

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Earlier, Aptus Value Housing Finance IPO had opened on August 10 and closed on August 12. The initial public offering of Aptus Value has received good response from investors with the issue getting subscribed 17.20 times, as per NSE data.  The price band for this IPO was fixed between Rs 346-353 per share. The Rs 2,780 crore IPO comprised a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) of up to 64,590,695 equity shares by the promoter and existing shareholders. 

Aptus Value Housing IPO allotment started on August 18, 2021 and refund were initiated on August 20, 2021. The date for transfer of shares was fixed on August 23, 2021 and the listing for this issue is today, as per Upstox. 

Aptus Value Housing Finance IPO expectation and strategy  

Zee Business Managing Editor Anil Singhvi has said strictly recommended that the person with long-term horizon in their mind should only subscribe this issue. 

"Investors with long-term views can apply for Aptus Value Housing Finance IPO.  Investors with a view of three-five years should certainly invest. There are already 10-12 housing finance companies listed on the exchanges. The current valuations are okay, neither cheap nor attractive. Cheaper valuations would have made them more attractive. On the brighter side, Aptus Value Housing Finance promoters are good and the management is experienced. Also, asset quality and a loan book of the company is strong since inception in 2009, as they have never done any loan restructuring so far, "Singhvi had said.  

The managing editor, however, said that the housing finance company's operations are only restricted to the southern part of India. 

ICICI Securities, Citigroup Global Markets India, Edelweiss Financial Services and Kotak Mahindra Capital Company are the book running lead managers to the IPO. 

Chemplast Sanmar IPO Investors Guide

Meanwhile, Chemplast Sanmar shares will also make its market debut today. The Initial Public Offering of Chemplast Sanmar Limited concluded on August 13 after being opened for public subscription on August 10.  

Talking about this IPO, Anil Singhvi has suggested to avoid investing in this IPO. "There will be opportunities in future. It is not necessary to invest in this IPO," he had said