Aptus Value Housing IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Aptus Value Housing IPO release date, IPO offer price, subscription, Aptus Value Housing Finance IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 346 to Rs 353 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 42 Shares |
| Listing Date | Aug 24, 2021 |
| Offer for Sale | Rs 22,800.50 Million |
| Fresh Issue | Rs 5,000 Million |
| IPO Size | Rs 27,800.50 Million |
| Tick Size | 1 |
Aptus Value Housing IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Aptus Value Housing IPO – Summary
They are an entirely retail focussed 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, their Company had the highest RoA of 6.3% among the Peer Set during the financial year 2020. They are one of the largest housing finance companies in south India in terms of AUM, as of December 31, 2020.
Their AUM has increased from Rs. 14,167.36 million, as of March 31, 2018, to Rs. 37,909.31 million, as of December 31, 2020, at a CAGR of 38.83%. Further, according to the CRISIL Report, they had the second-lowest-cost to income ratio among the Peer Set during the financial year 2020.
The Promoter of this company is M ANANDAN, PADMA ANANDAN, AND WESTBRIDGE CROSSOVER FUND, LLC. The lead manager to the issue is ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited, and Kotak Mahindra Capital Company Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Aptus Value Housing IPO Date
The opening and the closing date of the IPO of Aptus Value Housing are Aug 10, 2021, and Aug 12, 2021, respectively.
Check out Related IPO Links:
| Aptus Value Housing IPO GMP |
| Aptus Value Housing IPO Allotment |
Aptus Value Housing IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 10 August | 0.25x | 0.01x | 0.33x | 0.24x |
| 2nd Day – 11 August | 0.33x | 0.06x | 0.54x | 0.37x |
| 3rd Day – 12 August | 32.41x | 33.91x | 1.35x | 17.20x |
| Shares Offered or Net Issue | 15,751,000 | 11,813,250 | 27,564,250 | 55,128,500 |
The shares subscribed by the public will be updated here.
Check Aptus Value Housing IPO LIVE Subscription
- Aptus Value Housing IPO LIVE Bid details on BSE
- Aptus Value Housing IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Aptus Value Housing IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Aptus Value Housing IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 18, 2021 |
| Refunds Initiation | Aug 20, 2021 |
| Credit of Shares to Demat Account | Aug 23, 2021 |
| Share Listing Date | Aug 24, 2021 |
Aptus Value Housing IPO Price Band
The face value of each share is Rs.2, but the price band of the IPO is Rs 346 to Rs 353
Aptus Value Housing IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.2 each for cash at a price of Rs 346 to Rs 353 per equity share aggregating to Rs.27,800.50 Million.
Aptus Value Housing IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.2/ each.
Issue Size: X Equity Shares of Rs.2 each, aggregating to Rs.27,800.50 Million
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Aptus Value Housing IPO – Live Performance
The listing date of this IPO is Aug 24, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Aptus Value Housing Share Price |
Aptus Value Housing IPO Grey Market Premium
The Aptus Value Housing IPO Grey Market Premium price is Rs 5, the Kostak rate is Rs 0 and the Subject to Sauda is Rs 0.
Aptus Value Housing IPO – Company Overview
They have implemented a robust risk management architecture which is reflected in their asset quality. They conduct all aspects of their lending operations in-house including sourcing, underwriting, valuation, and legal assessment of collateral and collections, which enables them to maintain direct contact with their customers, reduce turn-around times, and the risk of fraud.
Over years, they have studied and developed credit assessment models specific to over 60 types of customer profiles.
Some of their profiles are customized to regions and specific types of employment. They update these profiles on a frequent basis for regional and local market-specific developments and macro disruptions such as the COVID-19 pandemic.
This has helped them reduce subjectivity in forecasting the future income of potential customers, thus enabling robust credit underwriting. They have leveraged technology in various facets of their operations and have robust systems and processes to assist them with their underwriting and collections functions and to monitor asset quality.
Aptus Value Housing IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Total Assets | 45,201.65 | 37,467.24 | 23,275.77 |
| *Total Revenue | 6,552.42 | 5,237.20 | 3,371.15 |
| Total Expense | 3,101.51 | 2,764.30 | 1,843.10 |
| Profit After Tax | 2,669.44 | 2,110.12 | 1,115.57 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic | 5.56 | 4.77 | 2.83 |
| Diluted |
5.55 | 4.74 | 2.83 |
Aptus Value Housing IPO – Promoters
The Promoter of this company is:
- M ANANDAN, PADMA ANANDAN
- WESTBRIDGE CROSSOVER FUND, LLC
List of Related Parties (Key Managerial Personnel)
- M Anandan, Chairman and Managing Director
- Kandheri Munuswamy Mohandass, Non-Executive Independent Director
- Sankaran Krishnamurthy, Non-Executive Independent Director
- Krishnamurthy Vijayan, Non-Executive Independent Director
- VG Kannan, Non-Executive Independent Director
- Mona Kachhwaha, Non – Executive Independent Director
Aptus Value Housing IPO – Promoters Holding
- Pre Issue Share Holding – 74.87%
- Pos Issue Share Holding – %
Aptus Value Housing IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.27,800.50 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 481,416,290 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Aptus Value Housing IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Aptus Value Housing IPO – Business Strategy
- Continue to focus on low and middle-income self-employed customers in rural and semi-urban markets
- Increase penetration in their existing markets and expand their branch network in large housing markets
- Continue to be an asset quality-focused financier
- Continue to be an asset quality-focused financier
Aptus Value Housing IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Presence in large, underpenetrated markets with strong growth potential
- Robust risk management architecture from origination to collections leading to superior asset quality
- In-house operations leading to desired business outcomes
- Domain expertise resulting in a business model difficult to replicate by others in their geographies
- Experienced and stable management team with marquee shareholders and strong corporate governance
- Established track record of financial performance with industry-leading profitability
- Focus on the social impact of their business
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 5.56 | 5.55 | 13.49 | 41.12 |
| 31-Mar-20 | 4.77 | 4.74 | 12.35 | – |
| Mar-19 | 2.83 | 2.82 | 15.96 | – |
Aptus Value Housing IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) |
Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Aptus Value Housing | 2 | [●] | 5.56 | 5.55 | 13.49 | 6,552.42 |
| Listed Peers | ||||||
| Aavas Financiers Limited | 10 | 67.44x | 36.94 | 36.62 | 12.06 | 11,053.35 |
Aptus Value Housing IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited
Citigroup Global Markets India Private Limited Edelweiss Financial Services Limited Kotak Mahindra Capital Company Limited |
Aptus Value Housing IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited# Selenium, Tower B, Plot No. – 31 and 32 Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: aptus.ipo@kfintech.com Website: www.kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Contact person: M. Murali Krishna SEBI Registration Number: INR000000221 |
Aptus Value Housing IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Aptus Value Housing IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Aptus Value Housing IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Aptus Value Housing IPO Review FAQs
Ques – What is the Issue Size of Aptus Value Housing IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Aptus Value Housing IPO?
Answer – The price band for this particular IPO ranges between Rs 346 to Rs 353. As far as the face value of the share is of concern, it is Rs.2 per share.
Ques – What is the Aptus Value Housing IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Aug 10, 2021, while the closing date is set at Aug 12, 2021.
Ques – What is the Aptus Value Housing IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 18, 2021, refund initiation is on Aug 20, 2021, credit of shares is on Aug 23, 2021, and share listing date is on Aug 24, 2021.
Ques – What is the Aptus Value Housing IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Aug 24, 2021. The date, when the listing would be done, is stagnant on Aug 24, 2021.
Ques – Who is the Registrar of Aptus Value Housing IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Aptus Value Housing IPO?
Answer – Here are the promoters of this IPO – M ANANDAN, PADMA ANANDAN, AND WESTBRIDGE CROSSOVER FUND, LLC. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Aptus Value Housing IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 5. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Aptus Value Housing IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Aptus Value Housing Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 2,669.44, 2020 is 2,110.12, 2019 is 1,115.57.
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