Aptus Value Housing Finance India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 39,377,500 (50%) | — | ₹139,003 Cr |
| NII (HNI) | — | 11,813,250 (15%) | — | ₹41,701 Cr |
| Retail | — | 27,564,250 (35%) | — | ₹97,302 Cr |
| Σ Total | — | 78,755,000 (100%) | — | ₹2,780,052 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 42 | ₹14,826 |
| Retail (Max) | 13 | 546 | ₹192,738 |
| S-HNI (Min) | 14 | 588 | ₹207,564 |
| B-HNI (Min) | 67 | 2,814 | ₹993,342 |
Financial Statements Amount in Crore
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 655 | 524 | 337 |
| Profit After Tax | 267 | 211 | 111 |
| Total Assets | 4,520 | 3,747 | 2,328 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Gross Proceeds of the Fresh Issue – 500.00
Company Overview
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
- One of the largest housing finance companies in South India in terms of AUM.
- A strong network of 181 branches across 75 districts and union territory of Puducherry.
- Presence in large, underpenetrated market with strong growth potential.
- Robust credit risk management from origination to collections leading to assure strong asset quality.
- Established financial performance track record.