Chemplast Sanmar and Aptus Value Make a Dull Debut on D-Street!

Last Tuesday, 24 August 2021, shares of Aptus Value and Chemplast Sanmar got listed on the bourses at a discount to the issue price. Thus, both these stocks continued the trend observed in the case of CarTrade as well as Nuvoco Vistas in the prior two sessions.

On that note, let us find out how the debut turned out for these two companies in detail.

Aptus Value Share Listing – Both NSE and BSE

On the NSE, Aptus Value shares debuted at Rs. 333 per unit, at a discount of 5.67%. This was the lowest price that this stock had recorded during morning trade, whereas the scrip hit a high of Rs. 348.75 on its listing day.

That said, on the BSE, shares of Aptus Value opened at Rs. 329.95 per unit, thus down by nearly 6.53% from the issue price of Rs. 353. During the morning trade, this stock hit the day’s high of Rs. 348.8.

Now let’s look at how Chemplast Sanmar stock performed on listing day.

Chemplast Sanmar Share Listing – Both NSE and BSE

Specialty chemical manufacturing company, Chemplast Sanmar made a weak debut on the stock exchanges. On the BSE, the shares opened at Rs. 525 per unit, representing nearly a 3% discount in comparison to the issue price of Rs. 541.

During the initial few minutes, Chemplast Sanmar stock price dropped to Rs. 510.30. However, shares of the Chennai-based company made a recovery, surging above the issue price to hit the day’s high of Rs. 550.

Note that this is the second time that the shares of this company have been listed on the bourses. In June 2012, this stock was delisted from the stock exchanges.

A Quick Glimpse at Aptus Value

Aptus Value provides housing finance options primarily to self-employed retail individuals in the rural and semi-urban markets of India. The following highlights its competitive strengths:

• In terms of Assets under Management (AUM), Aptus Value is one of the largest housing finance companies in the southern part of India.
• This company has a robust network comprising more than 180 branches across 75 districts and Puducherry.
• Aptus Value Housing has a proven track record in terms of financial performance.

A Brief Look at Chemplast Sanmar

Chemplast Sanmar is one of the leading specialty chemical producers in India. It manufactures specialty paste PVC resin and intermediates for various industries, including fine chemical as well as pharmaceutical segments.

Here are some of its competitive strengths:

• This company has an efficient management team comprising individuals who have many years of experience.
• In South India, Chemplast Sanmar is the largest producer of hydrogen peroxide.
• It is a part of SHL Chemicals Group, which is extremely popular in South India.

Wrapping Up

The muted listing of both Chemplast Sanmar and Aptus Value Housing is quite similar to the weak stock market debuts of CarTrade and Nuvoco Vistas. It appears that both mid-cap, as well as small-cap companies have been impacted in terms of valuation owing to the broader market pain.

However, once the volatility decreases, these companies have the potential to deliver a strong performance. That said, for investors who are considering these stocks, it’s vital to look at the strengths and weaknesses of these companies before investing.

For more updates on the latest IPO, keep an eye on Angel One blogs!

 

Frequently Asked Questions

1. What is Chemplast Sanmar’s debt-equity ratio?

Chemplast Sanmar’s debt equity ratio is 1.24.

2. Who are the promoters of Aptus Value?

The promoters of Aptus Value Housing Finance are Westbridge Crossover Fund, Padma Anandan and M. Anadan.

3. How can one buy shares of Aptus Value or Chemplast Sanmar?

Individuals who are customers of Angel One can buy shares of these companies by logging into their trading account. However, if one is investing for the first time, he or she can open a DEMAT account with Angel One to buy shares of these companies.