- The IPOs of Aptus Value Housing Finance and Chemplast Sanmar companies are opening on Tuesday.
- The price band of Aptus Value Housing Finance IPO is Rs 346-353.
- The price band for Chemplast Sanmar IPO is Rs 530-541.
- The IPO of cement maker Nuvoco Vistas and Cartrade companies was open on Monday.
IPOs Opening Today: Amidst the boom in the IPO market, a total of four companies are bringing their IPOs in this week to raise more than about Rs 14,628 crore. Two of these IPOs have opened on Monday itself and the remaining two will open today on Tuesday. These IPOs are by Aptus Value Housing Finance and Chemplast Sanmar companies. The IPO of Aptus Value Housing Finance has a price band of Rs 346-353, while that of Chemplast Sanmar is in a price band of Rs 530-541. Both these IPOs are opening today on 10th August and will close on 12th August.
These two IPOs were open on Monday
The IPO of cement maker Nuvoco Vistas and Cartrade companies was open on Monday. Nuvoco Vistas has a price band of Rs 560-570 per share, while Cartrade has a price band in the range of Rs 1,585-1,618. Both these IPOs opened on 9th August and will close on 11th August. Day 1 of IPO Opening Nuvoco Vistas IPO 16 per cent subscribed, while Cartrade’s IPO got 41 per cent subscription.
16 IPOs have come this year so far
So far in the current financial year, 16 companies have raised Rs 30,666 crore through IPOs as against 30 companies that have raised Rs 31,277 crore through IPOs in the previous financial year. Market analysts expect the IPO market to remain bullish throughout 2021-22. Hemang Kapasi, head of equities at Sanctum Wealth Management, said 40 IPOs are in line for the rest of the year to raise Rs 70,000 crore.
Vijay Kedia Investment Rules: 5 investment rules of Vijay Kedia, from which he earned crores of wealth!