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August Becomes Super Month For IPOs Investors Collected 1.7 Lakh Crore

August Becomes Super Month For IPOs Investors Collected 1.7 Lakh Crore

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Super week: Public offer of four companies, will raise Rs 14630 crore

New Delhi. August has emerged as the super month for IPOs. In the first week where four companies raised more than Rs 3600 crore through IPO. At the same time, two IPOs have been launched this week and two will be launched on Tuesday. The banking system is under pressure due to this boom of IPO in the primary market.

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These four IPOs received capital of Rs 1.7 lakh crore and more than one crore retail investors applied in them. With such a large number of applications, many banks found it difficult to complete the application process. Also there was a delay in receiving the OTP. Due to this, stock exchanges and brokers are also under pressure along with banks.

IPO this week
Cartrade along with cement company Nuvoco Vistas Ltd. While the IPOs of chemicals company Chemplast Sanmar and Aptus Housing Finance India will be launched on Monday. These four companies will raise Rs 14,630 crore through public offer.

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1. Cartrade Tech
Cartrade Tech’s IPO subscribed 41 percent on the first day. Investments can be made in this till August 11. The company is preparing to raise Rs 2,999 crore through this IPO. The issue price has been fixed in the price band of Rs 1585-1618.

2. Nuvoco Vistas
Nuvoco Vistas IPO only 16% subscribed on day one. Investors will be able to apply to buy shares till August 11. The price band has been fixed at Rs 560 to Rs 570 per share. The company will raise Rs 5000 crore through this IPO.

3. Chemplast Sanmar
Chemplast Sanmar Ltd. You can invest in IPO till August 12. Its price band has been fixed at Rs 530-541 per share. The company plans to raise Rs 3850 crore.

4. Aptus Housing Finance
Its IPO will be open till August 12. The company will raise 2,780 crores through this. The price band for the IPO has been fixed at Rs 346-353 per share.

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