Chemplast Sanmar, Aptus Value Housing Finance IPO Apply: LAST DAY! Should you SUBSCRIBE? Check Anil Singhvi’s strategy and other key DETAILS about these IPOs

Chemplast Sanmar, Aptus Value Housing Finance IPO Subscription: Ahead of the last day to apply for the initial public offers (IPO) of Chemplast Sanmar and Aptus Value Housing Finance, the two IPOs were subscribed 26 and 37 per cent respectively on the second day of subscription on Wednesday.

The three-day IPO of both the companies was launched on August 10, 2021, and will be closed on August 12, 2021.

See Zee Business Live TV Streaming Below:

On the second day, Chemplast's IPO received bids for 1,03,36,950 shares against 3,99,52,829 shares on offer, while Aptus Value's got 2,06,36,700 shares against 5,51,28,500 shares offered, as per the data available on exchanges.

For Chemplast, the quota kept reserved for retail investors was subscribed 1.29 times, while that for Qualified Institutional Buyers (QIBs) 2 per cent and non-institutional investors 6 per cent.

Similarly, the category meant for Qualified Institutional Buyers (QIBs) for Aptus Value received 33 per cent subscription, while non-institutional investors 6 per cent and Retail Individual Investors (RIIs) 54 per cent.

Chemplast IPO aggregating up to Rs 3,850 crore, comprises fresh issue of up to Rs 1,300 crore and an offer for sale of up to Rs 2,550 crore. While the IPO of Aptus Value has a fresh issue of up to Rs 500 crore and an offer for sale of up to 6,45,90,695 shares.

The price range for the Chemplast offer has been fixed at Rs 530-541 per share, and for Aptus Value it's fixed at a range of Rs 346-353 per share, and it's expected to fetch Rs 2,780 crore at the upper end of the price band.

A day before the IPO launch on Monday, Chemplast Sanmar collected over Rs 1,732 crore and Aptus Value has raised Rs 834 crore from anchor investors. 

While previewing both the IPOs, Zee Business Managing Editor Anil Singhvi for Chemplast Sanmar had suggested investors to avoid investing in this IPO. He added that there will be opportunities in the future and it is not necessary to invest in this IPO.

Similarly, the managing director had recommended only those investors with long-term view of at least of 3-5 years should apply in for Aptus Value IPO. He had urged short-term view investors to say away from it. He also expressed that the Aptus Value valuations could have been a little cheaper.