Out of the eight companies that debuted on bourses in August, five listed at a discount. Aptus Value Housing Finance, Chemplast Sanmar, Nuvoco Vistas, Windlas Biotech and CarTrade Tech made tepid debuts, disappointing investors who often lap up IPOs for a listing pop. According to some analysts, the listing "honeymoon" might just be over. So, what's behind the underperformance? Experts explain
The BSE SmallCap index, which was down over 3 per cent at one point during the day, ended just 0.83 per cent lower.
Aptus Value IPO: Aptus is an entirely retail-focused housing finance company (HFC) in India, which primarily serves low-and-middle-income self-employed customers in rural and semi-urban markets
In the past 10 years, Aptus has built a franchise in affordable housing finance with a loan book of over Rs 2,650 crore, which grew over 60 per cent in the past five years
Around 60% of the equity is currently owned by private equity players