Aptus Value Housing Finance India Limited
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Aptus Value Housing Finance India Limited's completed its IPO journey with a successful listing on NSE, BSE on Aug 24, 2021. The public offering mobilized 7,87,55,000 Shares in total capital, comprising 1,41,64,305 Shares in fresh equity and ₹2280.00 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹346 to ₹353, with minimum application lots of 42 shares. Investor participation during the Aug 10, 2021 to Aug 12, 2021 subscription window determined the final allocation pattern.
The basis of allotment was announced on Aug 18, 2021, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2009, Aptus Value Housing is a retail-focused housing finance company that mainly serves self-employed customers from low and middle-income groups in rural and semi-urban areas of India, especially in South India. The company offers home loans for buying or constructing houses, home improvement and extension, loans against property, and small business loans, and handles the complete lending process from sourcing and credit assessment to collateral evaluation and collections. As of December 31, 2020, home loans formed the majority of its portfolio, and almost all of its assets came from customers earning less than ₹50,000 per month, making it one of the largest housing finance companies in South India by assets under management.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Housing Finance Player: One of the largest housing finance companies in South India by AUM.
- Extensive Branch Network: 181 branches across 75 districts and Puducherry.
- High Growth Market: Operates in a large, underpenetrated market with strong potential.
- Strong Risk Management: Robust credit processes ensuring healthy asset quality.
- Proven Financials: Established track record of consistent financial performance.
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