About Aptus Value Housing Finance IPO
Aptus Value offers housing and non-housing loans besides insurance services. The company’s client base primarily comprises customers belonging to the rural and semi-urban markets of India. A unique aspect of Aptus Value is that it does not provide financial services for commercial real estate. Moreover, builders cannot avail of financial assistance from this company. It only caters to the requirements of the retail segment.
About Aptus Value Housing Finance IPO Objectives
- Meeting general corporate purposes
- Expanding lender’s capital base to be able to finance requirements in the future
- Meeting issue expenses
Why Should You Invest in Aptus Value Housing Finance IPO?
Aptus Value has been expanding its scale of operations constantly besides improving portfolio concentration. From a financial standpoint, the company looks well-positioned; its profitability indicators appear to be quite strong. Apart from high quality of assets, sufficient risk management systems, Aptus has an efficient management team. The outlook appears to be quite positive for this company considering the factors mentioned above. Accordingly, investors might want to subscribe to Aptus Value Housing Finance IPO.
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.
Aptus Value Housing Finance IPO Details
| 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 to ₹353 per equity share |
| Market Lot | 42 Shares |
| Min Order Quantity | 42 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹2 (aggregating up to ₹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) |
Aptus Value Housing Finance IPO Tentative Timetable
| 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 |
Aptus Value Housing Finance – Noteworthy Highlights
- The following are some noteworthy highlights of Aptus Value that investors must take into account :
- As of December 2020, Aptus Value’s total assets under management stood at Rs. 37.91 billion. It had more than 180 branches.
- Aptus Value Housing finance reported a loan book of Rs. 4,000 crores as of December 2020.
- As per CRISIL, in FY2020, Aptus Value recorded a ROA of 6.3% owing to an optimal product mix and prudent cost control measures. During the same period, this company recorded the lowest cost to income ratio in the industry (26.4%). Both these figures were the highest among its peers.
- This company has raised a total of $193.7 million over 3 funding rounds.
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