Nuvoco Vistas Corporation, CarTrade Tech, Aptus Value Housing Finance and Chemplast Sanmar - What INVESTORS MUST KNOW about IPOs that opened THIS week
There seems to be a never-ending buzz in the IPO market as four companies launched their initial Public Offering this week to raise over Rs 14,628 crore combined. These four companies are Nuvoco Vistas Corporation, CarTrade Tech, Aptus Value Housing Finance and Chemplast Sanmar.
Now, there are certain details that investors must know about these IPOs.
16 companies raised Rs 30,666 crore through IPOs
In the current fiscal, till now, 16 companies have raised Rs 30,666 crore through IPOs. On the other hand, 30 firms in entire 2020-21 raised Rs 31,277 crore. Source: Reuters
Nuvoco Vistas Corporation
Cement manufacturer Nuvoco Vistas is a part of the Nirma Group who launched their initial share-sales on Monday. The company's initial public offering (IPO) comprises fresh issue of shares worth Rs 1,500 crore and an offer for sale of Rs 3,500 crore by promoter Niyogi Enterprise. It has to be noted that for the public issue, with a price band of Rs 560-570, a share opened for public subscription on August 9 and conclude on August 11. The consolidated capacity of Nuvoco Vistas is 22.32 MMTPA. Source: nuvoco.in
CarTrade Tech
Founded in 2009, CarTrade is backed by marquee investors like Warburg Pincus, Temasek, JP Morgan and March Capital. The CarTrade platform allows customers to buy and sell used cars as well as new cars. The company's initial share-sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares. Among the investors participating in the OFS are CMDB II (22.64 lakh equity shares), Highdell Investment Ltd (84.09 lakh shares), Macritchie Investments Pte Ltd (50.76 lakh shares), Springfield Venture International (17.65 lakh shares). At present, CMDB II holds 11.93 per cent stake in CarTrade, Highdell Investment owns 34.44 per cent stake, MacRitche Investment has 26.48 per cent shareholding and Springfield Venture International holds 7.09 per cent stake in the company. The company has fixed a price band of Rs 1,585-1,618 a share for the IPO, which opened for public subscription during August 9-11. Source: cartrade.com
Aptus Value Housing Finance
Aptus Value Housing Finance IPO consists of fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale of up to 64,590,695 equity shares by pomoter and existing shareholders. The issue, with a price band of Rs 346-353 a share, opened on August 10 and close on August 12. The investors must note that at the upper end of the price band, the IPO is expected to fetch Rs 2,780 crore. The net proceeds from the fresh issue will be utilized towards augmenting the company's tier-1 capital requirements. Source: aptusindia.com
Chemplast Sanmar
The Rs-3,850-crore IPO of Chemplast Sanmar comprises fresh issue of equity shares worth Rs 1,300 crore and an offer for sale of Rs 2,550 crore. The investors must note that the offer for sale comprises the sale of Rs 2,463.44 crore by Sanmar Holdings Ltd and Rs 86.56 crore by Sanmar Engineering Services Ltd. The company would utilise an aggregate amount of Rs 1,238.25 crore from the net proceeds towards early redemption of the non-convertible debentures (NCDs) issued by it. In addition, funds will also be used for general corporate purpose. The price band has fixed a price band of Rs 530-541 a share for the three-day IPO, which opened for public subscription on August 10. Source: chemplastsanmar.com