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Aptus Value Housing Finance IPO is a book built issue of Rs 2,780.05 crores. The issue comprises of fresh issue of Rs 500.00 crore and offer for sale of 6.46 crore shares.
Aptus Value Housing Finance IPO bidding started from August 10, 2021 and ended on August 12, 2021. The allotment for Aptus Value Housing Finance IPO was finalized on Wednesday, August 18, 2021. The shares got listed on BSE, NSE on August 24, 2021.
Aptus Value Housing Finance IPO price band is set at ₹346 to ₹353 per share. The minimum lot size for an application is 42 Shares. The minimum amount of investment required by retail investors is ₹14,826.
Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Aptus Value Housing Finance IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Aptus Value Housing Finance IPO RHP for detailed information.
| IPO Date | August 10, 2021 to August 12, 2021 |
| Listing Date | August 24, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹346 to ₹353 per share |
| Lot Size | 42 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹2,780.05 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 64,590,695 shares of ₹2 (aggregating up to ₹2,280.05 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 481,416,290 |
| Share holding post issue | 495,580,595 |
Aptus Value Housing Finance IPO offers 55,128,500 shares. 15,751,000 (28.57%) to QIB, 11,813,250 (21.43%) to NII, 27,564,250 (50.00%) to RII. 656,291 RIIs will receive minimum 42 shares and (sNII) and (bNII) will receive minimum 588 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 15,751,000 (28.57%) | NA |
| NII (HNI) Shares Offered | 11,813,250 (21.43%) | |
| Retail Shares Offered | 27,564,250 (50.00%) | 656,291 |
| Total Shares Offered | 55,128,500 (100%) |
Aptus Value Housing Finance IPO opens on August 10, 2021, and closes on August 12, 2021.
| IPO Open Date | Tuesday, August 10, 2021 |
| IPO Close Date | Thursday, August 12, 2021 |
| Basis of Allotment | Wednesday, August 18, 2021 |
| Initiation of Refunds | Friday, August 20, 2021 |
| Credit of Shares to Demat | Monday, August 23, 2021 |
| Listing Date | Tuesday, August 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 12, 2021 |
Investors can bid for a minimum of 42 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,826 |
| Retail (Max) | 13 | 546 | ₹192,738 |
| Lot Size Calculator | |||
M. Anadan, Padma Anandan, and Westbridge Crossover Fund, LLC are the company promoters.
| Share Holding Pre Issue | 74.87% |
| Share Holding Post Issue | 72.23% |
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
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 45,201.65 | 37,467.24 | 23,276.87 | ||
| Total Revenue | 6,552.42 | 5,237.20 | 3,371.15 | ||
| Profit After Tax | 2,669.44 | 2,110.12 | 1,114.83 | ||
[Dilip Davda] The sustainability of the last three fiscalsââ‚-â„¢ robust performance is unlikely going forward with rising competition and softening of interest rates. Based on its current financial data, the issue is fully priced. Hence investors may consider parking of their funds with long term perspectives. Read detail review...
The Aptus Value Housing Finance IPO is subscribed 17.20 times on August 12, 2021 5:00:00 PM. The public issue subscribed 1.35 times in the retail category, 32.41 times in the QIB category, and 33.91 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 32.41 |
| NII | 33.91 |
| Retail | 1.35 |
| Total | 17.20 |
| Listing Date | August 24, 2021 |
| BSE Script Code | 543335 |
| NSE Symbol | APTUS |
| ISIN | INE852O01025 |
| Final Issue Price | ₹353 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹353.00 |
| ₹329.95 |
| ₹329.95 |
| ₹354.60 |
| ₹346.50 |
| NSE |
|---|
| ₹353.00 |
| ₹333.00 |
| ₹333.00 |
| ₹354.80 |
| ₹346.90 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: aptus.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Aptus Value Housing Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹2,780.05 Crores. The issue is priced at ₹346 to ₹353 per share. The minimum order quantity is 42 Shares.
The IPO opens on August 10, 2021, and closes on August 12, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aptus Value Housing Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Aptus Value Housing Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aptus Value Housing Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aptus Value Housing Finance IPO opens on August 10, 2021 and closes on August 12, 2021.
Aptus Value Housing Finance IPO lot size is 42 Shares, and the minimum amount required is ₹14,826.
You can apply in Aptus Value Housing Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aptus Value Housing Finance IPO will be done on Wednesday, August 18, 2021, and the allotted shares will be credited to your demat account by Monday, August 23, 2021. Check the Aptus Value Housing Finance IPO allotment status.
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