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As per NSE, the issue received bids for 1,19,68,560 shares compared with the issue size of 3,99,52,829 shares, meaning a subscription of 30 per cent. The company had on Monday raised Rs 1,732 crore from anchor investors.
Chemplast Sanmar, which is coming with its IPO nearly a decade after delisting from bourses, is offering its shares at 21 times its adjusted FY21 EPS of Rs 26. Analysts say one should be cautious on the issue and not rush to subscribe to it.
Aptus Housing Finance, CarTrade Tech, Chemplast Sanmar, and Nuvoco Vistas are the four companies that are set to open for public subscription this week
Issues of CarTrade Tech and Nuvoco Vistas Corporation will be open for subscription between 9-11 August, whereas investors can subscribe to the remaining two issues of Chemplast Sanmar and Aptus Value Housing Finance India during 10-12 August.
Chemplast Sanmar Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 3,500 crore through an initial share sale. The initial public offer (IPO) comprises a fresh issue of equity shares worth Rs 1,500 crore and an offer for sale of Rs 2,000 crore, according to draft red herring prospectus (DRHP). The offer for sale comprises the sale of Rs 1,850 crore by Sanmar Holdings Ltd and Rs 150 crore by Sanmar Engineering Services Ltd. Chennai-based Chemplast Sanmar is a leading specialty chemicals manufacturer with a focus on specialty paste PVC (polyvinyl chloride) resi...