Aptus Value Housing Finance Limited IPO: GMP, Issue Price, Issue Size

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Aptus Value IPO
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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.  
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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.

Aptus Value IPO

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
Websitehttp://www.aptusindia.com/

Aptus Value Housing Finance IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: aptus.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

Aptus Value Housing Finance IPO Lead Managers

  1. Citigroup Global Markets India Private Limited 
  2. Edelweiss Financial Services Ltd 
  3. ICICI Securities Limited
  4. Kotak Mahindra Capital Company Limited

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