InvestorQ : Hi, Diksha, can you tell me about the 4 IPOs that are opening for subscription and your view on them?
Arusha Ray made post

Hi, Diksha, can you tell me about the 4 IPOs that are opening for subscription and your view on them?

Answer
image
diksha shah answered.
4 months ago
Follow

Yes, there are 2 IPOs opening on the 09 August and 2 IPOs on 10 August so it is going to be a busy week for IPO investors. CarTrade Tech and Nuvoco Vistas, part of the Nirma group, will open on 09 August. While CarTrade is a portal for buying and selling cars, Nuvoco Vistas is India’s fifth largest cement company with capacity of 22.32 MTPA.

Then on the 10 August, there are the IPOs of Chemplast Sanmar and Aptus Value Housing Finance opening. All IPOs will be open for 3 days. While Chemplast is into specialty chemicals, Aptus Value Housing is into funding houses for the vulnerable segments in the rural and semi urban areas. Both companies show good promise in terms of news flows.

CarTrade price band is at Rs.1,585–1,618 per share and it will raise a sum of Rs.2,999 crore. Nuvoco price band is at Rs.560-570 per share and will raise Rs 5,000 crore. Aptus has set price band at Rs.346-353 per share and hopes to raise Rs.2,780 crore. Chemplast has set price band at Rs.530-541 and it proposes to raise Rs.3,850 crore via IPO route. Only CarTrade is a pure OFS while the others are a mix of OFS and new issue.

5 Views