The IPO market continues to be buzzing, with four businesses launching initial public offerings this week, raising a total of Rs 14,628 crore.
On Wednesday, CarTrade Tech’s initial public offering (IPO) received a positive response. After three days of trading and subscriptions, the IPO came to an end. Investors responded enthusiastically to CarTrade Tech’s initial public offering, with the business receiving a total subscription of 20.29 times its shares.
The non-institutional investor (NII) category was the one that had subscribed the most to the issue, with nearly 41 times their allowed shares subscribed.
On the final day of bidding, the company received bids for 26.31 crore equity shares, compared to the issue size of 1.29 crore equity shares.
On August 12, the CarTrade Tech IPO grey market premium (GMP) was Rs 150. On the last day of trading, the GMP for the issuance was Rs 320. As a result, the shares were selling on the grey market for Rs 1,905 to Rs 1,938 per equity share.
According to stock market data, the IPO of cement maker Nuvoco Vistas Corporation got bids for nearly 10.70 crores (10,70,27,492) shares against a total issue size of 6.25 crore (6,25,00,001) shares.
The shares allotted to QIBs were subscribed 4.23 times, NIIs subscribed 0.66 times and RIIs were subscribed 0.73 times.
The Rs 5,000 crore Nuvoco Vistas IPO began on Monday, August 9, 2021, and ended on Wednesday. The cement manufacturing company gathered almost Rs 1,500 crore before the IPO with a price band of Rs 560-570 per share.
On the last day of its subscription, Chemplast Sanmar’s IPO is still undersubscribed. Investors have only placed bids for 33% of the total IPO so yet.
Chemplast Sanmar is trying to raise Rs 3,850 crore through an initial public offering, with shares priced between Rs 530 and Rs 541 per equity share with a face value of Rs 5.
Investors can bid for the issue in a bid lot of 27 shares until Thursday evening, and then in multiples thereafter.
The only category of investors that have completely subscribed to their portion of the offering is retail investors. Retail investors have bid for 1.16 crore shares, or 1.6 times their part.
NIIs have bid for only 9.27 lakh shares out of a total of 1.08 crore on offer, accounting for approximately 9% of the reserved component.
QIBs have bid for only 2% of their stake, competing for 3.4 lakh equity shares out of a total of 2.17 crore available. Overall, bids have been filed for 1.29 crore equity shares, out of a total of 3.99 crores available to investors.
Aptus Value Housing Finance India
On August 12, the final day of bidding, the public offering of retail-focused housing finance company Aptus Value Housing Finance India was subscribed 10.41 times, with bids for 57.38 crore equity shares against an IPO size of 5.51 crore equity shares, according to subscription data available on exchanges.
The amount earmarked for QIBs was 20.61 times subscribed, while the portion reserved for NII was 18.48 times subscribed. Retail investors have placed bids for 1.12 times the amount allocated to them.
