Aptus Value Housing Finance IPO Subscription Day 1

Aptus Value
IPO
10/08/2021

The Rs.2,780 crore IPO of Aptus Value Housing, consisting of Rs.500 crore fresh issue and Rs.2,280 crore OFS, was partially subscribed on Day-1. As per the combined bid details put out by BSE at the close of Day-1 of the issue, Aptus Value Housing IPO was subscribed 0.24X overall, with bulk of the demand coming from the retail segment followed by QIBs. The issue closes on 12th August.

In terms of numbers, out of the 551.29 lakh shares on offer in the IPO, Aptus Value Housing saw applications for 130.83 lakh shares. This implies an overall subscription of 0.24X. The granular break-up of subscriptions were in favour of retail investors.
 

Aptus Value Housing Finance IPO Subscription Status Day 1

Category Subscription Status
Qualified Institutional (QIB) 0.25 Times
Non-Institutional (NII) 0.01 Times
Retail Individual 0.33 Times
Total 0.24 Times

 

QIB Portion

The QIB portion got tepid response on Day-1. On 09 Aug, Aptus Value Housing did an anchor placement worth Rs.834 crore. QIB portion, net of anchor allocation, was subscribed 0.25X (getting applications for 39.99 shares against the available quota of 157.51 lakh shares) at the close of Day-1.

HNI Portion

The HNI portion got subscribed 0.01X (getting applications for 0.89 lakh shares against the quota of 118.13 lakh shares). However, funded applications and corporate applications typically come in on the last day only.

Retail Individuals

The retail portion got subscribed 0.33X at the close of Day-1, showing limited retail appetite. Out of the 275.64 lakh shares on offer, valid bids were received for 89.96 lakh shares, of which bids for 73.02 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.346-Rs.353) and will close for subscription on 12th August.

 

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Upcoming IPOs in 2021

New IPOs in August 2021

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Vedanta to make a $20 billion capex bet on commodities

Vedantas
10/08/2021

Speaking at the 56th AGM of Vedanta, Anil Agarwal committed investments of $20 billion across various minerals and metals that Vedanta is present in. Vedanta is a diversified commodity conglomerate with interests in aluminium, copper, silver, bauxite, zinc, ferrochrome and oil. 

The reason for this aggression is not hard to seek. Commodities ranging from copper to aluminium to zinc are in a massive bull market rally and the evidence is there in LME prices. It is not certain whether this is the beginning of a long-term commodity cycle. However, analysts are betting on massive commodity demand likely to be generated from electric cars to alternate energy. In short, the time is ripe for a massive conglomerate like Vedanta to embark on aggressive capex investment.

In terms of specific investment time-table, Vedanta has only crystallized investments worth $5 billion in the next 3 years, of which $2 billion will be into oil. In addition, Vedanta plans to double its silver production, considering its diverse applications in everything from microchips to renewable energy. Vedanta also plans to double its steel capacity.

Vedanta is betting on the commodity-GDP effect. The estimate is that, as India’s GDP expands from the current level of $2.6 trillion to $5 trillion, the contribution of mining and metals to the GDP will grow exponentially. Currently, mining contributes 1.5% of GDP and metals contribute another 2% of GDP. Vedanta is expecting this combined contribution to increase from the current 3.5% to the range of 7-10% by the time GDP scales to $5 trillion. The opportunity is certainly massive.

The trigger for this announcement has certainly been the scrapping of retrospective tax amendment, that has given greater confidence to global investors to commit investments to India.

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CarTrade Tech IPO Subscription Day 3

Car trade
IPO
11/08/2021

The Rs.2,999 crore IPO of CarTrade Tech, consisting entirely of offer for sale (OFS), got a good response on the last day of the IPO. HNI segment showed the best traction followed by QIBs in a last day surge. As per the combined bid details put out by the BSE at the close of Day-3 of the issue, CarTrade IPO was subscribed 20.29X overall, with bulk of the demand coming from the HNI and QIB segments. The issue has closed on Wednesday, 11th August.

In terms of numbers, out of the 129.73 lakh shares on offer in the IPO, CarTrade Tech saw applications for 2,631.75 lakh shares. This implies an overall subscription of 20.29X. The granular break-up of subscriptions was tilted in favour of HNIs and QIBs.
 

CarTrade Tech IPO Subscription Day-3

Category

Subscription Status

Qualified Institutional Buyers (QIB)

35.45 Times

Non Institutional Investors (NII)

41.00 Times

Retail Individuals

2.75 Times

Employees

N.A.

Overall

20.29 times

 

QIB Portion

The QIB portion saw most of the action on Day-3. On 06 Aug, CarTrade did an anchor placement worth Rs.900 crore. The QIB portion, net of anchor allocation, was subscribed 35.45X (getting applications for 1,313.89 lakh shares against the available quota of 37.06 lakh shares) at the close of Day-3.

HNI Portion

The HNI portion got subscribed 41.00X (getting applications for 1,139.70 lakh shares against the quota of 27.80 lakh shares). The predominant funded and corporate applications came in on the last day of the issue.

Retail Individuals

The retail portion got subscribed 2.75X at the close of Day-3, showing reasonable retail appetite. Out of the 64.86 lakh shares on offer, valid bids were received for 178.16 lakh shares, of which bids for 135.85 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.1,585-Rs.1,618) and has closed for subscription on Wednesday, 11th August.

 

Read More:

Upcoming IPOs in 2021

IPOs in August 2021

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Nuvoco Vistas IPO Subscription Day 3

Nuvoco
IPO
11/08/2021

The Rs.5,000 crore IPO of Nuvoco Vistas, consisting of Rs.1,500 crore fresh issue and Rs.3,500 crore OFS, was just about subscribed on Day-3, with support from the QIBs. As per the combined bid details put out by BSE, Nuvoco Vistas IPO was subscribed 1.71X overall, with robust demand only visible in the QIB segment. The issue has closed on 11th August.

In terms of numbers, out of the 625.00 lakh shares on offer in the IPO, Nuvoco Vistas saw applications for 1,070.27 lakh shares at close of Day-3. This implies an overall subscription of 1.71X. The granular break-up is tilted in favour of QIBs.

 

Nuvoco Vistas IPO Subscription Day-3

Category Subscription Status
Qualified Institutional (QIB) 4.23 Times
Non-Institutional (NII) 0.66 Times
Retail Individual 0.73 Times
Total 1.71 Times

 

QIB Portion

The QIB portion saved the day on the last day of the IPO. On 06 Aug, Nuvoco Vistas did an anchor placement worth Rs.1,500 crore. QIB portion, net of anchor allocation, was subscribed 4.23X (getting applications for 754.93 lakh shares against the available quota of 178.57 lakh shares) at the close of Day-3.

HNI Portion

The HNI portion got subscribed just 0.66X (getting applications for 88.69 lakh shares against the quota of 133.93 lakh shares). Funded applications and corporate applications remained tepid even on the last day.

Retail Individuals

The retail portion got subscribed just 0.73X at the close of Day-3, showing limited retail appetite. Out of the 312.50 lakh shares on offer, valid bids were received for 226.65 lakh shares, of which bids for 178.41 lakh shares were at the cut-off price. The IPO was priced in the band of (Rs.560-Rs.570) and has closed for subscription on Wednesday, 11th August.

 

Also Read: 

Upcoming IPOs in 2021

New IPOs in August 2021

Next Article

Aptus Value Housing Finance IPO Subscription Day 2

Aptus Value
IPO
11/08/2021

The Rs.2,780 crore IPO of Aptus Value Housing, consisting of Rs.500 crore fresh issue and Rs.2,280 crore OFS, remains partially subscribed at the close of Day-2. As per the combined bid details put out by BSE at the close of Day-2 of the issue, Aptus Value Housing IPO was subscribed 0.37X overall, with bulk of the demand coming from the retail segment followed by QIBs. The issue closes on 12th August.

In terms of numbers, out of the 551.29 lakh shares on offer in the IPO, Aptus Value Housing saw applications for 206.37 lakh shares. This implies an overall subscription of 0.37X. The granular break-up of subscriptions were in favour of retail investors.
 

Aptus Value Housing Finance IPO Subscription Status Day 2

Category Subscription Status
Qualified Institutional (QIB) 0.33 Times
Non-Institutional (NII) 0.06 Times
Retail Individual 0.54 Times
Total 0.37 Times

 

QIB Portion

The QIB portion got tepid response on Day-2. On 09 Aug, Aptus Value Housing did an anchor placement worth Rs.834 crore. QIB portion, net of anchor allocation, was subscribed 0.33X (getting applications for 51.88 shares against the available quota of 157.51 lakh shares) at the close of Day-2. However, QIB applications typically get bunched on the last day.

HNI Portion

The HNI portion got subscribed 0.06X (getting applications for 6.70 lakh shares against the quota of 118.13 lakh shares). However, funded applications and corporate applications typically come in only on the last day.

Retail Individuals

The retail portion got subscribed 0.54X at the close of Day-2, showing limited retail appetite. Out of the 275.64 lakh shares on offer, valid bids were received for 147.79 lakh shares, of which bids for 118.59 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.346-Rs.353) and closes for subscription on 12th August.

 

Also Read: 

Upcoming IPOs in 2021

New IPOs in August 2021

Next Article

Chemplast Sanmar IPO Subscription Day-2

Chemplast
IPO
11/08/2021

The Rs.3,850 crore IPO of Chemplast Sanmar, consisting of Rs.1,300 crore fresh issue and Rs.2,550 crore OFS, was still only partially subscribed on Day-2. As per the combined bid details put out by BSE at the close of Day-2 of the issue, Chemplast Sanmar IPO was subscribed 0.26X overall, with bulk of the demand coming from the retail segment. The issue closes on 12th August.

In terms of numbers, out of the 399.53 lakh shares on offer in the IPO, Chemplast Sanmar saw applications for 103.37 lakh shares. This implies an overall subscription of 0.26X. The granular break-up of subscriptions were tilted in favour of retail investors.
 

Chemplast Sanmar IPO Subscription Status Day 2

Category Subscription Status
Qualified Institutional (QIB) 0.02 Times
Non-Institutional (NII) 0.06 Times
Retail Individual 1.29 Times
Total 0.26 Times

 

QIB Portion

The QIB portion virtually got hardly any response on Day-2. On 09 Aug, Chemplast Sanmar did an anchor placement worth Rs.1,733 crore. QIB portion, net of anchor allocation, was subscribed 0.02X (getting applications for 3.42 lakh shares against the available quota of 217.92 lakh shares) at the close of Day-2.

HNI Portion

The HNI portion got subscribed 0.06X (getting applications for 6.13 lakh shares against the quota of 108.96 lakh shares). However, funded applications and corporate applications typically come in on the last day only.

Retail Individuals

The retail portion got subscribed 1.29X at the close of Day-2, showing reasonable retail appetite. Out of the 72.64 lakh shares on offer, valid bids were received for 93.82 lakh shares, of which bids for 76.95 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.530-Rs.541) and closes for subscription on 12th August.

Also Read: 

Upcoming IPOs in 2021

New IPOs in August 2021