Aptus Value Housing Finance India was incorporated on December 11, 2009. The company is retail focussed housing finance company primarily serving low and middle income self-employed customers in the rural and semi-urban markets of India and offers customers home loansfor the purchase and self-construction of residential property, home improvement and extension loans; loans against property; and business loan.
| Bidding Dates |
|---|
| 10 Aug 2021 - 12 Aug 2021 |
| Subscription |
|---|
| 17.2x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,826 | 1 | 13 | 42 | 78.8 M | ₹346 - ₹353 | 84.11 % | ₹27249.2 M - ₹27800.5 M | RHP DOC |
Aptus Value Housing IPO SUBSCRIPTION STATUS
12 Aug '21Aptus Value Housing IPO overall subscription rate was 17.2 times the total available shares
Aptus Value Housing IPO retail subscription rate was 1.35 times in the retail segment
Aptus Value Housing IPO non-institutional investor subscription rate was 33.91 times in the non-institutional investor category
Aptus Value Housing IPO Qualified Institutional Bidder subscription rate was 32.41 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Aug 2021 (Day 3) | 1.35x | 33.91x | 32.41x |
11 Aug 2021 (Day 2) | 0.54x | 0.06x | 0.33x |
10 Aug 2021 (Day 1) | 0.33x | 0.01x | 0.25x |
Aptus Value Housing FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 2,669.4 | 6,366.2 | -6,209.6 | -6,223.7 |
| FY20 | 2,110.1 | 5,003.3 | -7,348.0 | -7,372.9 |
| FY19 | 1,114.8 | 3,238.5 | -7,131.9 | -7,159.2 |
Aptus Value Housing IPO SUBSCRIPTION STATUS DETAILS
Aptus Value Housing had 78.8 M shares on offer
Aptus Value Housing IPO offer price was in the range ₹346 - ₹353
Aptus Value Housing IPO minimum Investment was ₹14826
Aptus Value Housing IPO issue size was ₹ 27249.2 M - ₹ 27800.5 M
Aptus Value Housing had a minimum lot size of 42 Shares per application
Aptus Value Housing NUMBER OF SHARES ON OFFER
Aptus Value Housing IPO IMPORTANT DATES
| Issue Open Date | 10 Aug 2021 |
| Issue close Date | 12 Aug 2021 |
| Allotment Date | 18 Aug 2021 |
| Refund Date | 20 Aug 2021 |
| Demat Account Credit Date | 23 Aug 2021 |
| Listing Date | 06 Sep 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Aptus Value Housing Allotment Status | Exchange |
Aptus Value Housing IPO subscription opened on 10 Aug 2021, and closed on 12 Aug 2021
IPO allotment for Aptus Value Housing was finalized on Wednesday, 18 Aug 2021
IPO listing for Aptus Value Housing was on NSE and BSE on Monday, 06 Sep 2021
Aptus Value Housing IPO LISTING GAINS
| Issue Price (adjusted) | 353.0 |
| Listing Open Price | 360.0 |
| Listing Close Price | 346.5 |
| Listing Gain% | 2.0% |
| Current Gain% | -26.2% |
Aptus Value Housing Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aptus Value Housing Finance India Ltd. | 260.6 | 12917.3 | 13.3 | 0.6 | 5.7 | 18.6 | 7.2 | 2245.5 | 24.9 | 942.9 | 25.5 | 19.7 | 23.3 |
| Bajaj Housing Finance Ltd. | 85.8 | 71483.1 | 26.6 | 1.4 | 6.2 | 11.4 | 2 | 11150.3 | 16.4 | 2560.3 | 18.4 | 3.2 | 18.9 |
| PNB Housing Finance Ltd. | 1143 | 29785.4 | 12.9 | 0.9 | 3.4 | 11.9 | 2.4 | 8505 | 10.6 | 2291.2 | 18.3 | 88.8 | 13.7 |
| LIC Housing Finance Ltd. | 504.2 | 27736.9 | 4.8 | 1.1 | 1 | 13.5 | 1.7 | 28843.5 | 2.6 | 5603.7 | 3 | 104.3 | 4.3 |
| Aadhar Housing Finance Ltd. | 506.4 | 22146.8 | 19.4 | 1 | 5.8 | 14.5 | 4 | 3686.9 | 18.6 | 1095.9 | 20.2 | 26.1 | 20.2 |
| Sammaan Capital Ltd. | 163.2 | 18969.4 | -2.7 | 0 | 2.3 | -37.6 | -9.6 | 8190.2 | -5.7 | -7144.6 | -295.3 | -61.5 | -295.3 |
Aptus Value Housing INFORMATION ON IPO ISSUE
About Aptus Value Housing
Aptus Value Housing Finance India was incorporated on December 11, 2009. The company is retail focussed housing finance company primarily serving low and middle income self-employed customers in the rural and semi-urban markets of India and offers customers home loansfor the purchase and self-construction of residential property, home improvement and extension loans; loans against property; and business loan.
Object of the Issue
1. To augment company's capital base to meet future capital requirements.
2. To meet issue related expenditures.
3. To achieve share listing benefits on the stock exchanges.
Aptus Value Housing - PROMOTERS
| Name |
|---|
| M. Anadan |
| Padma Anandan |
| Westbridge Crossover Fund, LLC |
Aptus Value Housing Book Running Lead Managers
ICICI Securities Limited
aptus.ipo@icicisecurities.com
Citigroup Global Markets India Private Limited
aptus.ipo@citi.com
Edelweiss Financial Services Limited
aptus.ipo@edelweissfin.com
Kotak Mahindra Capital Company Limited
aptus.ipo@kotak.com
Aptus Value Housing Registrar to the Offer
KFin Technologies Private Limited
aptus.ipo@kfintech.com
Aptus Value Housing Strengths
Large housing finance companies
One of the largest housing finance companies in South India in terms of AUM
Strong network
A strong network of 181 branches across 75 districts and union territory of Puducherry.
Growth potential
Presence in a large, underpenetrated market with strong growth potential
Credit risk management
Robust credit risk management from origination to collections leads to assure strong asset quality
Financial performance
Established financial performance track record
Aptus Value Housing Risks
Substantial capital requirement
The company requires substantial capital for the business and any disruption in sources of capital could have an adverse effect
Risk of default
A substantial portion of the company's customers are first-time borrowers which increases the risks of non-payment or default
Concentrated business
The operations are primarily focused in the states of Tamil Nadu and Andhra Pradesh
IPO FAQs
This IPO consists of an offer for sale of up to Rs 2,280.0 crore, of 64,590,695 shares. It also consists of a fresh issue of Rs 500.0 crore.
The promoters of the company are M. Anadan, Padma Anandan and Westbridge Crossover Fund, LLC.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 346.0 - 353.0.
The IPO application opens on Aug 10, 2021 and closes on Aug 12, 2021.
The minimum lot size for the IPO is 42. The maximum lot size for the IPO is 546.
For all category investors, the minimum application amount for this IPO is Rs. 14,826.0, the maximum value for this IPO is Rs 192,738.0.
This IPO will be allotted on Aug 18, 2021.
The refund will be credited to your account on Aug 20, 2021.
The allotted shares will be credited to your demat on Aug 23, 2021.
Aptus Value Housing Finance India Ltd.’s shares listed on the stock exchanges on Sep 06, 2021.