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 is all set to make a debut on the stock market with an issue size of 2780.05 Cr.
Aptus Value Housing Finance Limited IPO –Overview
| Aptus Value Housing Finance Limited IPO Issue Date | 10-12 August 2021 |
| Aptus Value Housing Finance Limited IPO Opening Date | 10 August 2021 |
| Aptus Value Housing Finance Limited IPO Face Value | INR 2 per share |
| Aptus Value Housing Finance Limited IPO Price | INR 610 per share |
| Aptus Value Housing Finance Limited IPO Lot Size | 42 Shares |
| Issue Size | 2,780.05 Cr |
| Offer for sale | 2,280.05 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 33.41 times |
| NII (HNI) Shares | 33.91 times |
| Company Promoters | M. Anadan, Padma Anandan, and Westbridge Crossover Fund, LLC is the company promoters. |
Aptus Value Housing Finance Limited IPO-Tentative Dates
| Aptus Value Housing Finance Limited IPO opening date | 10 August 2021 |
| Aptus Value Housing Finance Limited IPO closing date | 12 August 2021 |
| Basis of Allotment | 18 August 2021 |
| Initiation of Refunds | 20 August 2021 |
| The credit of Shares to Demat | 23 August 2021 |
| Aptus Value Housing Finance Limited IPO Listing Date | 24 August 2021 |
Aptus Value Housing Finance – Industry Overview.
The Indian housing finance market clocked a healthy CAGR of approximately 12% (growth in loan outstanding) over Fiscals 2018 to 2021 on account of a rise in disposable income, healthy demand emanating from smaller cities and markets, attractive interest rates, and government impetus on housing. In the past also, the housing finance market has shown secular growth with outstanding loans increasing from Rs. 9.9 billion as of FY15 to Rs 16 trillions of FY18, translating into a CAGR of 17.4%.
Home loan inquiries have increased post the first quarter of Fiscal 2021 on the back of pent-up demand, reduced interest rates and attractive schemes provided by developers and have continued the trend in the third quarter as well. There is some demand for balance transfers of existing loans as well due to the attractive home loan rates. Home prices too have seen a drop in some markets, and this, along with steps taken by state governments such as a reduction in stamp duty for homes registered during a certain period, has made home buying more attractive for consumers.
Aptus Value Housing Finance Limited IPO – Company Overview
Aptus Value Housing Finance India is an entirely retail-focused housing finance company primarily serving low and middle-income self-employed customers in the rural and semi-urban markets of India. According to the CRISIL Report, our Company had the highest Roa of 5.7% among the Peer Set during the financial year 2021. We are one of the largest housing finance companies in south India in terms of AUM.
It offers customers home loans for the purchase and self-construction of residential property, home improvement and extension loans; loans against the property; and business loans, which accounted for ₹21,032.10 million, or 51.70%, ₹8903.39 million, or 21.89% and ₹10,742.13 million, or 26.41% of our AUM, as of March 31, 2021, respectively. We only offer loans to retail customers and do not provide any loans to builders or commercial real estate. We target first-time home buyers where the collateral is a self-occupied residential property.
Aptus Value Housing Finance Limited IPO-Objectives
- To augment the company’s capital base to meet future capital requirements.
- To meet issue-related expenditures.
- To achieve share listing benefits on the stock exchanges.
Aptus Value Housing Finance Limited IPO – Financial Statements
| Particulars | 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 |
Aptus Value Housing Finance Limited IPO 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 the union territory of Puducherry.
- Presence in the 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.
Aptus Value Housing Finance Limited IPO Weakness
- Any disruption in the sources of capital since the company requires substantial capital for its business.
- Inability to meet its obligations, including financial and other covenants under its debt financing arrangements.
Company Contact Information
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/
Aptus Value Housing Finance IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: aptus.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Aptus Value Housing Finance IPO Lead Managers
- Citigroup Global Markets India Private Limited
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
