How to place your capital across 4 IPOs for week starting 09 August
In the current week, CarTrade Tech and Nuvoco Vistas IPOs will open for subscription on 09 August and close on 11 August. The IPOs of Aptus Value Housing Finance and Chemplast Sanmar will open on 10 August and close on 12 August.
Gist of the 4 IPOs opening for subscription this week
CarTrade, a multi-channel auto platform offers an online facility to buy, sell and trade in used and new cars with rich content support. It is looking to raise Rs.2,999 crore, entirely via offer for sale (OFS). The IPO is priced in the range of Rs.1,585-1,618. CarTrade has raised Rs.900 crore from anchor investors including Nomura, HSBC, Goldman, Jupiter, Elara, Birla Sun Life MF, Axis MF, Kotak MF, HDFC MF etc; at the upper end of the band
Nuvoco Vistas is part of the Nirma group and India’s fifth largest cement manufacturer with capacity of 22.3 MTPA. Nuvoco is looking to raise Rs.5,000 crore, which includes Rs.1,500 crore via fresh issue and Rs,3,500 crore via offer for sale (OFS). The IPO is priced in the range of Rs.560-570. Nuvoco Vistas has raised Rs.1,500 crore from anchor investors including APG, CI Funds, TT International, Carmignac, Wells Capital, SBI MF, SBI Life, ICICI Pru MF, Nippon MF, Azim Premji Fintech etc; at the upper end of the band
Chemplast Sanmar, is a specialty chemical company with a South footprint and having niche product positioning. Chemplast is looking to raise Rs.3,850 crore, which includes Rs.1,300 crore via fresh issue and Rs.2,550 crore via offer for sale (OFS). The IPO is priced in the range of Rs.530-541. Chemplast Sanmar anchor placement is scheduled for 09 August.
Aptus Value Housing Finance is a retail focused housing finance company catering to the lower and middle income groups. It has backing of marquee investors like Westbridge and Madison. Aptus is looking to raise Rs.2,780 crore, which includes Rs.500 crore via fresh issue and Rs.2,280 crore via offer for sale (OFS). The IPO is priced in the range of Rs.346-353. Aptus anchor placement is scheduled for 09 August.
The IPOs this week are bigger in size than last week, so appetite could be tested. All the four companies represent the fast growing sectors of infrastructure, specialty chemicals, digital and consumer finance. Investors can look to spread their risk across themes.
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