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Chemplast Sanmar’s IPO will open on 10th August, you will have the opportunity to earn like this

Compared to July, companies can raise double the amount through IPO in August. At the same time, in the month of July, about 12 IPO applications have been submitted with SEVI.

Chemplast Sanmar's IPO will open on 10th August, you will have the opportunity to earn like this

Huge earning opportunity from IPO in August

Specialty chemicals maker Chemplast Sanmar Ltd on Thursday said it has fixed a price band of Rs 530-541 per share for its initial public offering (IPO) of Rs 3,850 crore. The Chennai-based company said in a video conference that the initial share sale will open for public application on August 10 and will end on August 12.

The initial public offering (IPO) of Rs 3,850 crore includes an offer for fresh shares worth Rs 1,300 crore and an offer for sale worth Rs 2,550 crore. The offer for sale includes sale of shares by Sanmar Holdings Ltd for Rs 2,463.44 crore and by Sanmar Engineering Services Ltd for Rs 86.56 crore.

Lots of IPOs in August

In the month of August, investors have the opportunity to invest in many IPOs. According to market experts, a total of 18 companies can bring IPO in August. All these together can raise 28 thousand crores. In which the time for investing in the IPO of Car Trade will be from 9 to 11 August. CarTrade allows users to buy both new and used cars. In this IPO, 1,85,32,216 equity shares will be sold by the shareholders and promoters. In this IPO, CMDB II will sell 22,64,334 equity shares, Highdell Investment 84,09,364 equity shares, Macrithie Investments 50,76,761 equity shares, Springfield Venture International 17,65,309 equity shares and Vinay Vinod Sanghi 1,83,333 equity shares.

Axis Capital, Citigroup Global Markets India, Kotak Mahindra Capital Company and Nomura Financial Advisory & Securities Private Limited are the managers of the issue. The company’s income was Rs 281.52 crore in FY 2021, which was Rs 318.44 crore in FY 2020. The company’s profit stood at Rs 101.07 crore in the financial year 2021, while the profit in the previous financial year stood at Rs 31.29 crore.

Nuvoco Vista issue

The issue of the same Nuvoco Vista will also open between August 9 and 11. On Wednesday, it announced its price band. It will sell shares at Rs 560 to Rs 570. Compared to July, companies can raise double the amount through IPO in August. At the same time, in the month of July, about 12 IPO applications have been submitted with SEVI. In which companies like Nykaa, Adani Wilmar, Fino Payments Bank, Policy Bazaar are included.

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