Aptus Value Housing Finance India IPO will open for subscription next week on August 10, as the enterprise appears to raise Rs 2,780 crore from the main industry. The price tag band of the challenge has been fixed at Rs 346-353 per share of face worth Rs 2. Aptus’ challenge will be a mix of an provide for sale (OFS) by current shareholders, which includes a promoter of the enterprise, and a fresh challenge of equity shares. Aptus Value Housing Finance is an completely retail focussed housing finance enterprise mainly serving low and middle-revenue self-employed buyers in the rural and semi-urban markets of India.
Investors can bid for Aptus Value Housing Finance’s shares next week in the fixed price tag band in a bod lot of 42 equity shares or multiples thereafter. This translates to a minimum investment of Rs 14,826 per investor. 50% of the complete challenge has been reserved for Qualified Institutional Buyers (QIB) when the retail investor portion is 35% of the complete challenge, leaving 15% for Non-Institutional Investors (NII). Ahead of the challenge, Aptus Value Housing Finance are seeing no premium in the grey industry.
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The promoting promoter, Padma Anandan presently holds a 5.19% equity stake in the enterprise with 2.5 crore equity shares, pre-provide. According to the RHP filed by the enterprise, Padma Anandan would sell up 25 lakh shares by way of the IPO. Other promoting shareholders consist of Aravali Investment Holdings, Madison India Opportunities IV, GHIOF Mauritius, Saurabh Vijay Bhat, amongst other individuals.
“The 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. The Gross Loan Assets have increased from Rs 1416.74 crore, as of March 31, 2018 to Rs 3790.93 crore as of December 31, 2020, at a CAGR of 38.83%,” Axis Securities stated in a note. Aptus Value Housing has seen its net profit develop from Rs 66 crore in the economic year 2017-18 to Rs 211 crore at the finish of the Financial year 2019-20.
Aptus Value Housing Finance counts WestBridge as its promoter. Upon listing Aptus Value Housing will join peers Aavas Financiers Limited. Aavass trades at a P/E of 67.44x when Aptus Value Housing, on the upper finish of the price tag band, would command a P/E ratio of 63.49x. ICICI Securities, Citigroup Global Markets, Edelweiss Financial Services, and Kotak Mahindra Capital Company are the book operating lead managers for the challenge.