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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 ₹353.00 per share . The lot size for an application is 42. The minimum amount of investment required by an retail is ₹14,532 (42 shares). 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 Date | August 10, 2021 to August 12, 2021 |
| Listing Date | August 24, 2021 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹346 to ₹353 per share |
| Issue Price Final | ₹353 per share |
| Lot Size | 42 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 7,87,55,000 shares (aggregating up to ₹2,780.05 Cr) |
| Fresh Issue | 1,41,64,305 shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 6,45,90,695 shares of ₹2 (aggregating up to ₹2,280.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 48,14,16,290 shares |
| Share Holding Post Issue | 49,55,80,595 shares |
Aptus Value Housing Finance IPO offers total 7,87,55,000 shares. Out of which 3,93,77,500 (50.00%) allocated to QIB, 1,57,51,000 (20.00%) allocated to QIB, 1,18,13,250 (15.00%) allocated to NII, 2,75,64,250 (35.00%) allocated to RII and 2,36,26,500 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Aptus Value Housing Finance IPO opens on August 10, 2021, and closes on August 12, 2021.
| IPO Open Date | Tue, Aug 10, 2021 |
| IPO Close Date | Thu, Aug 12, 2021 |
| Tentative Allotment | Wed, Aug 18, 2021 |
| Initiation of Refunds | Fri, Aug 20, 2021 |
| Credit of Shares to Demat | Mon, Aug 23, 2021 |
| Tentative Listing Date | Tue, Aug 24, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 12, 2021 |
Investors can bid for a minimum of 42 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||
The Company Aptus Value Housing Finance IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Gross Proceeds of the Fresh Issue | 500.00 |
[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...
| Listing Date | August 24, 2021 |
| BSE Script Code | 543335 |
| NSE Symbol | APTUS |
| ISIN | INE852O01025 |
| Final Issue Price | ₹353 per share |
| BSE Listing Group | B |
Aptus Value Housing Finance India Ltd.
No. 8B, Doshi Towers, 8th Floor, No: 205
Poonamallee High Road, Kilpauk, Chennai 600 010,
Chennai, Tamil Nadu
Phone: +91 44 4565 0000
Email: cs@aptusindia.com
Website: http://www.aptusindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: aptus.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹2,780.05 Crores. The issue is priced at ₹353 per share. The minimum order quantity is 42.
The IPO opens on August 10, 2021, and closes on August 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 August 10, 2021 and closes on August 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 Monday, August 23, 2021. Check the Aptus Value Housing Finance IPO allotment status.
The Aptus Value Housing Finance IPO listing date is on Tuesday, August 24, 2021.
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