Aptus Value Housing Finance India Limited IPO Details

Dates, Price band, Lot size, Risks, Review and broker recommendations etc.
Aptus Value IPO

Aptus Value IPO: Key Details

  • Grey Market Premium (GMP) today: To be Updated

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Company Information

Aptus Value Housing Finance India Limited, incorporated in 2009, is 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. They offer customers home loans for the purchase and self-construction of residential property, home improvement, and extension loans; loans against property; and business loans

Since inception, they have not restructured any loans or written off any loans receivable and as of March 31, 2021, March 31, 2020, and March 31, 2019, their Gross NPAs expressed as a percentage of Gross Loan Assets was 0.68%, 0.70%, and 0.40%, respectively. During the financial years 2021, 2020 and 2019, their Credit Costs to Average Total Assets was 0.14%, 0.11% and 0.06%, respectively

Competitive Strengths

  • 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
  • Experienced and stable management team with marquee shareholders
  • Established track record of financial performance with industry leading profitability
  • Focus on the social impact of the business

Company Strategy

  • Continue to focus on low and middle income self-employed customers in rural and semi-urban markets
  • Increase penetration in existing markets and expand branch network in large housing markets
  • Continue to be an asset quality focused financier
  • Reduce cost of borrowings by diversifying sources of borrowing and improving credit rating

Proceeds from fresth issue of Aptus Value IPO will be used to:

  • Fully augmenting the tier I capital requirements of the Company
  • Meet offfer-related expenses in relation to the Fresh Issue

Aptus Value IPO: Financials

201920202021
Revenue from Ops₹323.85 Cr₹500.33 Cr₹636.62 Cr
Profit before Excep*₹152.71 Cr₹247.29 Cr₹345.09 Cr
Profit after Tax111.48 Cr₹211.01 Cr₹266.94 Cr
EPS (Basic)2.834.775.56
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS4.8471.4972.43
* Weighted Average for last 3 years

Aptus Value IPO: Comparison with listed industry peers

CompanyP/E (Cap)
Aptus Value72.43
Highest (Aaavas Financiers)67.44
Lowest ( Aaavas Financiers)67.44
Sector Avg67.44

Aptus Value IPO Dashboard

Issue Details

TypeValue
Issue Size₹2,780.05 Cr
Fresh Issue₹500.00 Cr
Offer for Sale₹2,280.05 Cr
Face Value₹2/- per Equity Share
IPO Price₹346 – ₹353
Lot Size42 shares
LotsMin 1 – Max 13

Key Dates

Date TypeDate
Bid Open10/08/2021
Bid Close 12/08/2021
Allotment Finalization18/08/2021
Initiation of Refunds20/08/2021
Credit of Shares23/08/2021
Listing Date24/08/2021

Lot Size and Price

LotsSharesAmount
142₹14,826
13546₹1,92,738

Promoter Holding

HoldingPercentage
Pre-Issue74.87 %
Post-Issue72.23 %

Aptus Value IPO: Investor Quota and Shares Offered

Investor TypeQuotaShares on Offer
QIB50%[●] shares
NII15%[●] shares
RII (Retail)35%[●] shares
Total100%[●] shares

Aptus Value IPO: Risks

  • They require substantial capital for running the business and any disruption in sources of capital could have an adverse effect
  • National Housing Bank’s (NHB) consent to undertake the Offer is subject to certain conditions.
  • The risk of non-payment or default by borrowers may adversely affect the business
  • Company’s inability to meet obligations, including financial and other covenants under the debt financing
    arrangements could adversely affect the business
  • A substantial portion of its customers are first-time borrowers which increase risks of non-payment or default for us.

For complete internal and external risk factors, you can refer to the RHP of the company.

Aptus Value IPO: Registrar and Lead Managers

Registrar of the Issue

KFintech (Formerly Karvy)

Selenium Tower B, Plot 31 & 32,
Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad, Telangana India – 500 032.

Phone: 1-800-309-4001
Email: [email protected]

Lead Managers of the Issue

ICICI Securities Limited
Citigroup Global Markets India Private Limited
Kotak Mahindra Capital Company Limited
Edelweiss Financial Services Limited

Phone: +91 22 2288 2460 / 70
Email: [email protected]

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