Bookbuilding IPO | ₹2,780 Cr | Listed at BSE, NSE | Tue, Aug 10, 2021 - Thu, Aug 12, 2021
Aptus Value Housing Finance IPO is a book build issue of ₹2,780.05 crores. The issue is a combination of fresh issue of 1.42 crore shares aggregating to ₹500.00 crores and offer for sale of 6.46 crore shares aggregating to ₹2,280.05 crores.
Aptus Value Housing Finance IPO bidding started from Aug 10, 2021 and ended on Aug 12, 2021. The allotment for Aptus Value Housing Finance IPO was finalized on Aug 18, 2021. The shares got listed on BSE, NSE on Aug 24, 2021.
Aptus Value Housing Finance IPO price band is set at ₹353 per share. The lot size for an application is 42. The minimum amount of investment required by an retail is ₹14,826 (42 shares) (based on upper price). The lot size investment for sNII is 14 lots (588 shares), amounting to ₹2,07,564, and for bNII, it is 68 lots (2,856 shares), amounting to ₹10,08,168.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Aptus Value Housing Finance IPO RHP for detailed Information.
IPO Open
Tue, Aug 10, 2021
IPO Close
Thu, Aug 12, 2021
Issue Price
₹353 per share
Market Cap (Pre-IPO)
₹17,494.00 Cr
| IPO Date | 10 to 12 Aug, 2021 |
| Listed on | Tue, Aug 24, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹346 to ₹353 |
| Issue Price | ₹353 per share |
| Lot Size | 42 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 7,87,55,000 shares (agg. up to ₹2,780 Cr) |
| Fresh Issue | 1,41,64,305 shares (agg. up to ₹500 Cr) |
| Offer for Sale | 6,45,90,695 shares of ₹2 (agg. up to ₹2,280 Cr) |
| Share Holding Pre Issue | 48,14,16,290 shares |
| Share Holding Post Issue | 49,55,80,595 shares |
| BSE Script Code / NSE Symbol | 543335 / APTUS |
| ISIN | INE852O01025 |
Aptus Value Housing Finance IPO comprises a total issue size of 7,87,55,000 shares. Out of which, 3,93,77,500 (50.00%) are allocated to QIB, 1,18,13,250 (15.00%) allocated to NII 2,75,64,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 3,93,77,500 | 50.00% | NA |
| − Anchor Investor Shares Offered | 2,36,26,500 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,57,51,000 | 20.00% | NA |
| NII (HNI) Shares Offered | 1,18,13,250 | 15.00% | NA |
| Retail Shares Offered | 2,75,64,250 | 35.00% | 6,56,291 |
| Total Shares Offered | 7,87,55,000 | 100.00% |
Investors can bid for a minimum of 42 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,826 |
| Retail (Max) | 13 | 546 | ₹1,92,738 |
| S-HNI (Min) | 14 | 588 | ₹2,07,564 |
| S-HNI (Max) | 67 | 2,814 | ₹9,93,342 |
| B-HNI (Min) | 68 | 2,856 | ₹10,08,168 |
Aptus Value Housing Finance IPO raises ₹834.02 crore from anchor investors. Aptus Value Housing Finance IPO Anchor bid date is August 9, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Aug 9, 2021 |
| Shares Offered | 2,36,26,500 |
| Anchor Portion (₹ Cr.) | 834.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 17, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Nov 16, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment the tier I capital requirements of the Company | 482.87 |
| 2 | Offer related expenses | 17.13 |
| Total | 500.00 |
The Aptus Value Housing Finance IPO is subscribed 17.2 times on August 12, 2021 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 32.41 | 1,57,51,000 | 51,04,86,732 |
| NII | 33.91 | 1,18,13,250 | 40,05,43,332 |
| Retail | 1.35 | 2,75,64,250 | 3,72,12,378 |
| Total | 17.2 | 5,51,28,500 | 94,82,42,442 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers fees and commissions up to (including any underwriting commission, brokerage and selling commission) | 64.55 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 9.87 |
| 3 | Fees payable to Registrar to the Offer | 0.20 |
| 4 | Fees payable to other advisors to the Offer | |
| 5 | Others - Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 7.20 |
| 6 | Others - Printing and stationery | 1.25 |
| 7 | Others - Fee payable to legal counsels | 4.84 |
| 8 | Others - Advertising and marketing | 3.83 |
| 9 | Others - Miscellaneous | 3.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹353.00 | ₹353.00 |
| Open | ₹329.95 | ₹333.00 |
| Low | ₹329.95 | ₹333.00 |
| High | ₹354.60 | ₹354.80 |
| Last Trade | ₹346.50 | ₹346.90 |
Lead Manager Reports
Aptus Value Housing Finance IPO is a main-board IPO of 7,87,55,000 equity shares of the face value of ₹2 aggregating up to ₹2,780 Crores. The issue is priced at ₹353 per share. The minimum order quantity is 42.
The IPO opens on Tue, Aug 10, 2021, and closes on Thu, Aug 12, 2021.
Kfin Technologies Ltd. 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 Tue, Aug 10, 2021 and closes on Thu, Aug 12, 2021.
Aptus Value Housing Finance IPO lot size is 42, and the minimum amount required for application is ₹14,826.
You can apply in Aptus Value Housing Finance IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Mon, Aug 23, 2021. Check the Aptus Value Housing Finance IPO allotment status.
The Aptus Value Housing Finance IPO listing date is on Tue, Aug 24, 2021.
