The IPO season continues on the D-Street with more companies lining up to make their debuts. This week, retail-loans focused lender, Aptus Value Housing Finance is launching its initial public issue. We bring you all the key details about the latest public issue.
Key details
- IPO size: ₹2,780 crore
- Fresh issue: ₹500 crore
- Price band: ₹346-₹353 per share
- Lot size: 42 shares
- Cost per lot: ₹14,820
- Issue opens: 10 August 2021
- Issue closes: 12 August 2021
- Basis of allotment date: 18 August 2021
- Initiation of refunds: 20 August 2021
- Credit of shares to demat account: 23 August 2021
- Expected listing date: 24 August 2021
About Aptus Value Housing Finance
Incorporated in 2009, Aptus Value Housing Finance focuses predominantly on giving loans to low-and-middle-income self-employed individuals in rural and semi-urban areas. It offers loans for purchasing and self-construction of residences, home improvement and extension, loan against property and business loans.
Aptus has the largest network of branches in south India among its peers. As of March 2021, the company had 190 branches in 75 districts in Tamil Nadu, Andhra Pradesh, Telangana and Karnataka. It is also the largest housing finance company in south India in terms of asset under management (AUM). Its AUM has grown at a CAGR of 34.5% between FY19 and FY21.
The lender has a strong return on asset ratio of 5.7%, which is the highest among its peers. Further, the company has not restructured or written off any loans since its inception. Between FY19 and FY21, its gross non-performing assets (NPAs) have marginally gone up from 0.40% to 0.68% of the overall loan book. In the same period, its net interest income and net profit have grown at a CAGR of 46.6% and 54.6%, respectively.
About the issue
The IPO size is ₹2,780 crore. Of this, the fresh issue is ₹500 crore, which will be used for augmenting the capital base to meet future capital requirements and general corporate purposes. The remaining ₹2,280 crore will be the offer for sale.
IPO allocation quota
| QIB | NIB | Retail |
| 50% | 15% | 35% |
To know more about the IPO, read its red herring prospectus here. The issue opens on 10 August 2021 and you can subscribe to Aptus Value Housing Finance with Upstox here. Meanwhile, we’ll keep you posted on all the updates about this IPO and the public issues that follow, so stay tuned!