Aptus IPO is going to open its subscription on 10 August 2021. The company aims for an issue size of ₹2,780.05 Cr through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Aptus Value Housing Finance India Ltd
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, 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.
Objects of the Issue
- To augment the company’s capital base to meet future capital requirements.
- For issue-related expenditures.
- To achieve share listing benefits on the stock exchanges.
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 a 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.
Basic details about the company
| Full name | Aptus Value Housing Finance India Ltd |
| Sector | Finance |
| Industry | Finance-Housing |
| Company Website | www.aptusindia.com |
Dates to remember
| IPO Open | 10 August 2021 |
| IPO Close | 12 August 2021 |
| Basis of Allotment | 18 August 2021 |
| Refunds date | 20 August 2021 |
| Credit to Demat Account | 23 August 2021 |
| Listing Date | 24 August 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹2,780.05 Cr |
| Fresh Issue | ₹500.00 Cr |
| Offer for sale | ₹2,280.05 Cr |
| Face value | ₹2 per equity share |
| Price band | ₹346 to ₹353 per equity share |
| Retail Allocation | 35% |
| Lot size | 42 shares |
| Minimum application | 1Lot-42 shares |
| Maximum application | 13 Lots-546 Shares |
| Minimum application amount | ₹14,826 |
| Maximum application amount | ₹192,738 |
| Listing Exchange | BSE & NSE |
Aptus Financial Performance (in INR crore)
| FY2018 | FY2019 | FY2020 | FY2021 | |
| Revenue | 199.2 | 323.9 | 500.3 | 636.6 |
| Expenses | 101.1 | 184.3 | 276.4 | 184.4 |
| Comprehensive income | 66.5 | 111.5 | 210.9 | 266.8 |
| Margin (%) | 33.4 | 34.4 | 42.2 | 41.9 |
Valuation of Aptus (as of FY2020)
| Earnings Per Share (EPS) | ₹5.55 |
| Price/Earnings (PE ratio) | 62.34 – 63.60 |
| Return on Net Worth (RONW) | 13.49% |
| Net Asset Value (NAV) | 41.12 per share |
Company Promoters
- M. Anadan, Padma Anandan
- Westbridge Crossover Fund, LLC
Lead Manager(s)
- Citigroup Global Markets India Private Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
IPO Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: aptus.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Aptus Value Housing Finance India Ltd
No. 8B, Doshi Towers, 8th Floor, No: 205
Poonamallee High Road, Kilpauk, Chennai 600 010,
Phone: +91 44 4565 0000
Email: cs@aptusindia.com
Website: http://www.aptusindia.com/
IPO Allotment Status
Aptus IPO allotment will be available on KFin Technologies’ website.
Click on this link to get allotment status.
Final thoughts
Aptus IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing