The Rs 3,850-crore issue of Chemplast will be selling shares in the price band of Rs 530-541 per share. The offer comprises a fresh issue up to Rs 1,300 crore and sale of shares worth up to Rs 2,550 crore by the promoters Sanmar Holdings and Sanmar Engineering Services. Bids can be made for a minimum of 27 shares and in its multiples.
About 15 per cent of the offer is reserved for non-institutional bidders, while 10 per cent of the offer is set aside for retail investors.
The company proposes to utilise the net proceeds from the fresh issue towards the early redemption of NCDs issued by the company and for general corporate purposes.
ICICI Securities, Axis Capital, Credit Suisse Securities,
, Ambit, BOB Capital Markets, and HDFC Bank are the bankers for the issue.
Aptos, one of the largest housing finance companies in the South in terms of assets under management, has priced its issue in the band of Rs 346-353 per share. The Rs 2,780-crore IPO comprises a fresh issue of up to Rs 500 crore and an offer for sale of up to 6.46 crore shares by existing shareholders.
The net proceeds from the offer will be utilised towards augmenting company’s capital requirements, according to IPO papers.
While 50 per cent of the offer is reserved for qualified institutional buyers, 10 per cent and 35 per cent have been set aside for non-institutional and retail individual bidders.
ICICI Securities, Kotak Mahindra Capital, Citigroup Global and
are bankers to the offer.
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