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Aptus Value Home Finance India Ltd IPO Detail

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.

Competitive Strengths

  • 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 Promoters

M. Anadan, Padma Anandan, and Westbridge Crossover Fund, LLC

IPO Details

IPO Opening DateAug 10, 2021
IPO Closing DateAug 12, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹346 - 353 per equity share
Market Lot42 Shares
Min Order Quantity42 Shares
Listing AtBSE, NSE
Issue Size₹2,780.05 Cr
Fresh Issue[.] Eq Shares of ₹2 (aggregating up to ₹500.00 Cr)
Offer for Sale64,590,695 Eq Shares of ₹2 (aggregating up to ₹2,280.05 Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.25x 0.01x 0.32x 0.0x - 0.24x
Day 2 0.33x 0.06x 0.54x - 0.37x
Day 3 32.41x 33.91x 1.35x - 17.20x

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 DateAug 10, 2021
IPO Close DateAug 12, 2021
Basis of Allotment DateAug 18, 2021
Initiation of RefundsAug 20, 2021
Credit of Shares to Demat AccountAug 23, 2021
IPO Listing DateAug 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding74.87%
Post Issue Share Holding72.23%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Dec-20 4,097.60 473.40 191.40
31-Mar-20 3,746.72 523.72 211.01
31-Mar-19 2,327.57 337.11 111.56
31-Mar-18 1,445.33 202.15 66.57

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.