The Rs.3,850 crore IPO of Chemplast Sanmar, consisting of Rs.1,300 crore fresh issue and Rs.2,550 crore OFS, was fully subscribed on Day-3. As per the combined bid details put out by BSE at the close of Day-3 of the issue, Chemplast Sanmar IPO was subscribed 2.17X overall, with bulk of the demand coming from the QIB and Retail segments. The issue has closed on 12th August.

In terms of numbers, out of the 399.53 lakh shares on offer in the IPO, Chemplast Sanmar saw applications for 866.38 lakh shares. This implies an overall subscription of 2.17X. The granular break-up of subscriptions were tilted in favour of QIB and retail investors.

Chemplast Sanmar IPO Subscription Status Day 3

QIB Portion

The QIB portion got a relatively better response on Day-3. On 09 Aug, Chemplast Sanmar did an anchor placement worth Rs.1,733 crore. QIB portion, net of anchor allocation, was subscribed 2.70X (getting applications for 587.68 lakh shares against the available quota of 217.92 lakh shares) at the close of Day-3.

HNI Portion

The HNI portion just about got subscribed 1.03X (getting applications for 112.40 lakh shares against the quota of 108.96 lakh shares). The funded applications and corporate applications were not too prominent on the last day.

Retail Individuals

The retail portion got subscribed 2.29X at the close of Day-3, showing fair retail appetite. Out of the 72.64 lakh shares on offer, valid bids were received for 166.30 lakh shares, of which bids for 135.62 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.530-Rs.541) and has closed for subscription on 12th August.

Also Read: 

Upcoming IPOs in 2021

New IPOs in August 2021

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Radhakishan Damani has often been the quiet big influence in stock markets. He is normally quite reticent about portfolio moves. Damani’s portfolio is predominated by Avenue Supermarts, the owner of D-Mart retail chain. His current ownership of Avenue Supermarts is above Rs.150,000 crore. Radhakishan Damani principally invests in the name of his family and through companies like Bright Star Investments and Derive Trading.

D-Mart predominates his portfolio, but there are a number of other stocks where Damani holds shares worth more than 1%. Find the table of Damani’s key holdings as under.
 

Radhakishan Damani's portfolio as of June-21:

Here is a quick look at the stocks Damani bought and sold in the Jun-21 quarter.

What did Radhakishan Damani buy and sell in the Jun-21 quarter?

Let us first look at stocks he bought in the Jun-21 quarter. There are 2 stocks where Damani increases his stake in the Jun-21 quarter. He added to his holdings in Sundaram Finance taking his stake in the company up by 14 bps to 1.9%. The other stock that Damani bought was United Breweries where he hiked the stake by a marginal 0.2% in the quarter.

During the Jun-21 quarter, Damani exited two of the stocks viz. Foods and Inns Ltd as well as Prozone Intu Properties. While Damani had a 4.7% stake in the former, he had a 1.3% stake in the latter. He has exited these two stocks fully. In addition, he also reduced his stake in Blue Dart Express from 2% to 1.7% during the quarter. In addition, Damani also pared his stake in Metropolis Healthcare from 1.6% to just about 0.1% holding. Damani’s equity portfolio value stands at $21 billion.

Also check: Big Bull Rakesh Jhunjhunwala's Portfolio 2021

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The mid-cap and small-cap indices gave up 3% and 5% respectively in just two days in the early part of the week. The reason was a new rule inserted by BSE to check excess speculation in a market. Special surveillance measures by stock exchanges are nothing new and happen from time to time. The difference was that this time around, the wordings of the BSE circular left a lot of things to imagination and interpretation.

In the original BSE circular, things were open to interpretation. Firstly, there was no mention of the stock groups to which additional surveillance measures would apply. Secondly, the circular did not specify any market cap criteria, which made it logically applicable to all stocks. Lastly, BSE had prescribed weekly and monthly price limits apart from longer-term criteria for price limits. These open areas had a negative impact on sentiments.

BSE clarifies on open areas

Subsequent to the uncertainty in the market, BSE clarified on the 3 issues as under.

•    Firstly, the exchange has clarified that the add-on surveillance measures of limiting price bands would only apply to stocks in the X, XT, Z, ZP, ZY and Y group shares and only for stocks listed on the BSE. 

•    Secondly, BSE clarified that the additional surveillance was only applicable for securities with stock price above Rs.20 and having market cap less than Rs.1,000 crore.

•    Lastly, BSE clarified that instead of the weekly, month and quarterly price limits originally proposed, the new criteria will only consider 6-monthly, yearly, 2-year and 3-year criteria for price bands beyond daily limits.
BSE underscored that these measures were purely intended to reduce risk of volatility in smaller stocks and not to curb volumes in any way.
 

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The last 2 weeks have been extremely busy on the IPO front. In the previous week, we saw four IPOs - Devyani International, Krsnaa Diagnostics, Exxaro Tiles and Windlas Biotech IPO hitting the market. The current week has again seen 4 IPOs - CarTrade Tech, Nuvoco Vistas, Aptus Value Housing Finance and Chemplast Sanmar IPO collecting close to Rs.15,000 crore. The year 2021 is likely to see more than Rs.60,000 crore collected via IPOs by the end of August and cross the Rs.100,000 crore mark comfortably before the end of the year. Here is a list of IPOs slated to hit the market in the near future.

The focus is on IPOs above Rs.1,000 crore in terms of size.

Forthcoming IPO list: 

Check:

1. Upcoming IPOs in 2021

2. List of Upcoming IPOs in October 2021

This is a sample list. There are other mega IPOs like the Rs.4,500 crore Adani Wilmar IPO and the Rs.4,000 crore Nykaa IPO lined up. We have not yet included the Rs.70,000 crore IPO of LIC, which is most likely to happen in the first quarter of 2022. IPOs are surely promising exciting times ahead.

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Financial calculators are an important tool of financial planning. One of the most popular calculators in personal finance planning is the lumpsum calculator. You can understand the lumpsum calculator in terms of two applications.

•    Lumpsum calculator can be used to determine, how much a fixed corpus invested today would be worth after a certain number of years and assuming a certain CAGR returns over this period.

•    The other application of the lumpsum calculator is actually to look at the above situation in reverse. In practice, we need to know how much corpus we need today to meet our future goals. Lumpsum calculator can be use for goal planning also.

Lumpsum calculator and how much your money will grow

The table captures how much a fixed corpus of Rs.500,000 today will grow at the end of different time periods. The MF portfolio is expected to appreciate at 14% CAGR.
 

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