Aptus IPO

Aptus IPO-Aptus Value Housing Finance India Ltd

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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 nameAptus Value Housing Finance India Ltd 
Company Websitewww.aptusindia.com

Dates to remember

IPO Open10 August 2021
IPO Close12 August 2021
Basis of Allotment18 August 2021
Refunds date20 August 2021
Credit to Demat Account23 August 2021
 Listing Date24 August 2021

IPO details

Issue typeBook 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 Allocation35%
Lot size42 shares
Minimum application1Lot-42 shares
Maximum application13 Lots-546 Shares
Minimum application amount₹14,826
Maximum application amount₹192,738
Listing ExchangeBSE & NSE

Aptus Financial Performance (in INR crore)

Comprehensive income66.5111.5210.9266.8
Margin (%)33.434.442.241.9

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

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

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

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