Upcoming IPO: A lot of good IPOs have been launched this year. However, if you failed to subscribe to them, here's another chance for you. You have a huge opportunity of earning in the primary market next week. Not one but four major IPOs are going to open between August 9 and August 10. That is, the IPO market is going to be buzzing throughout the week.
The upcoming IPOs include CarTrade Tech, Chemplast Sanmar, Nuvoco Vistas and Aptus Value Housing Finance India. If you are making up your mind to earn money by investing in IPO, you should first know about these IPOs.
CarTrade Tech IPO
The IPO of online auto classifieds platform CarTrade Tech will open on August 9. One can invest in it till August 11. The company plans to raise Rs 2,999 crore through this issue. CarTrade Tech has kept the price band for the IPO at Rs 1585-1618. This IPO will be purely on offer for sale (OFS). CarTrade Tech allows consumers to buy both new and used cars.
There will be sale of 18,532,216 equity shares in the OFS. In the CarTrade Tech IPO, 22.64 lakh shares will be sold by CMDB II, 84.09 lakh shares by Highdell Investment Ltd, 50.76 lakh shares by Macritchie Investments Pte Ltd and 17.65 lakh shares by Springfield Venture International. In the IPO, 50 per cent is reserved for Qualified Institution Buyers (QIBs), 35 per cent for non-institution investors and 15 per cent for retail investors. Axis Capital, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India) Private Limited are the investment bankers for the IPO.
Chemplast Sanmar IPO
The IPO of Chemplast Sanmar Limited, a speciality chemical maker, will open from August 10 to August 12. The price band for the IPO is Rs 530-541. The company plans to raise Rs 3,850 crore from the IPO. In this, new shares of Rs 1,300 crore will be issued, while there will be an OFS of Rs 2,550 crore.
In the Chemplast Sanmar IPO, 75 percent is reserved for qualified institutional buyers, 15 percent for non-institutional investors and 10 percent for retail investors. Investors can bid on a minimum of 27 equity shares and multiples thereof. ICICI Securities, Axis Capital, Credit Suisse Securities (India) Private Ltd, IIFL Securities, Ambit, BOB Capital Markets, HDFC Bank, IndusInd Bank and Yes Securities are the merchant bankers to this issue.
Nuvoco Vistas Corporation IPO
The IPO of Nuvoco Vista will open from August 9 to 11. The price band for this IPO has been fixed at Rs 560 to Rs 570. The size of the issue will be Rs 5,000 crore. Fresh equity shares worth Rs 1,500 crore will be issued in this IPO while there will be an OFS of 3,500 crores.
Aptus Value Housing Finance India IPO
Aptus Value Housing Finance India IPO will open from August 10 to August 12. It is a retail-focused housing finance company. The size of the issue will be Rs 2,780 crore. The price band for the IPO is fixed at Rs 346-353. 500 crore fresh equity shares will be issued in this IPO whereas promoters will sell 6,45,90,695 equity shares through OFS.
