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IPO frenzy continues in August as another four issues to open for subscription this week – Mint

With the IPO frenzy continuing in August as four companies launched their initial public offerings (IPOs) in the first week of the month, another four companies are set to hit the markets with their share sales this week, making August the busiest season in terms of IPOs after July.

Nuvoco Vistas, CarTrade, Chemplast Sanmar, Aptus Housing Finance are the four companies that are scheduled to launch their public offerings this week. Two issues will open on August 9, Monday whereas the other two will open on August 10, Tuesday.

Upcoming IPOs details –

CarTrade: Online auto classifieds platform CarTrade Tech, which helps users find pre-owned as well as new cars, will launch its on August 9 and the three-day issue will conclude on August 11. The IPO comprises a pure offer for sale of 18.53 million shares by existing shareholders and promoters.

Nuvoco Vistas: Nirma Group’s cement company, Nuvoco Vistas Corp issue will will open on August 9 and close on August 11. The firm has has fixed its initial public offering (IPO) price at 560-570 a share. The IPO will comprise a fresh issue of 1,500 crore and an offer for sale of 3,500 crore.

Chemplast Sanmar: Specialty chemicals company Chemplast Sanmar Limited’s issue is set to open for subscription next week on August 10. The three-day public issue will conclude on August 12. The company has fixed its price band in the range of 530-541 per share. The Rs-3,850-crore issue comprises fresh issue of equity shares worth 1,300 crore and an offer-for-sale (OFS) of 2,550 crore.

Aptus Housing Finance: The non-bank lender based in South India will launch its on 10 August and close on 12 August. The fixed price band for its initial public offering is 346-353 a share. The IPO comprises a fresh issue of 500 crore and an offer for sale of 64.59 million by its current shareholders and promoters.

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