Aptus Value Home Finance India Ltd IPO Detail
Incorporated in 2009, Aptus Value Housing is a retail-focused housing finance company that primarily serves low and middle-income self-employed customers in the rural and semi-urban markets of India. As per the CRISIL report, it is one of the largest housing finance companies in South India in terms of AUM of 37,909.31 million as of December 31, 2020.
The company offers home loans to retail customers to purchase homes, construct residential property, house improvement and extension, loans against property, and business loans. It undertakes all types of lending activities such as sourcing, underwriting, valuation, and legal assessment of collateral, the credit assessment, and collection. As of December 31, 2020, the total home loans accounted for 51.76% of AUM. As of December 31, 2020, 99.42% of the AUM was from customers belong to the low and middle-income group with a monthly income of less than Rs. 50,000.
- One of the largest housing finance companies in South India in terms of AUM.
- A strong network of 181 branches across 75 districts and union territory of Puducherry.
- Presence in large, underpenetrated market with strong growth potential.
- Robust credit risk management from origination to collections leading to assure strong asset quality.
- Established financial performance track record.
Company PromotersM. Anadan, Padma Anandan, and Westbridge Crossover Fund, LLC
|IPO Opening Date||Aug 10, 2021|
|IPO Closing Date||Aug 12, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
|IPO Price||₹346 - 353 per equity share|
|Market Lot||42 Shares|
|Min Order Quantity||42 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹2,780.05 Cr|
|Fresh Issue||[.] Eq Shares of ₹2 (aggregating up to ₹500.00 Cr)|
|Offer for Sale||64,590,695 Eq Shares of ₹2 (aggregating up to ₹2,280.05 Cr)|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Aptus Value Home Finance India Ltd IPO open date is Aug 10, 2021, and the close date is Aug 12, 2021. The issue may list on Aug 24, 2021.
|IPO Open Date||Aug 10, 2021|
|IPO Close Date||Aug 12, 2021|
|Basis of Allotment Date||Aug 18, 2021|
|Initiation of Refunds||Aug 20, 2021|
|Credit of Shares to Demat Account||Aug 23, 2021|
|IPO Listing Date||Aug 24, 2021|
IPO Lot Size
The Aptus Value Home Finance India Ltd IPO market lot size is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹192738).
IPO Promoter Holding
|Pre Issue Share Holding||74.87%|
|Post Issue Share Holding||72.23%|
For the year/period ended (₹ in Crs)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
- To augment company's capital base to meet future capital requirements.
- To meet issue related expenditures.
- To achieve share listing benefits on the stock exchanges.