Aptus Value Housing Finance India Limited was incorporated on 11th December, 2009. They have 184 branches and more than 2000 staff working in 4 states of India. Mr. Anandan is the founder and Chairman of the company. Aptus Value Housing Finance IPO will hit the market in August 2021.
Table of Contents
About
Aptus Value Housing Finance India Ltd is an organization that provides home loans. Aptus was established to serve the housing finance demands of self-employed people from lower- and medium income communities, mainly in semi-urban and remote regions.
Through the significant expansion of the housing finance sector in recent years, India continues to suffer from several of the world’s most serious housing challenges.
Housing finance is unavailable to the majority of India ‘s community, especially the self-employed consumer category from semi-urban zones.
As a result, there is a growing requirement to address the needs of these underrepresented, last-mile consumers.
Business Approach
In Rural areas people do different kind of businesses. Evaluating their earnings in the absence of appropriate records may be difficult, requiring an individualistic strategy.
The credit evaluation must be special, relevant, and reasonable for each of these businesses. This is a philosophy that they at APTUS accept in their efforts to consider and evaluate their clients.
Aptus is a Latin word that represents “appropriate” or “suitable.” They ensure an attempt to understand that each client and his workplace culture are different.
Vision
To be a highly effective, creative, and respected housing finance company dedicated to improving their customers’ quality of life by providing suitable housing finance solutions at a reasonable cost and with personalized service.
Mission & Core Values
By 2025, They want to be the market leader in affordable housing financing and make a million people’s lives better.
- Accountability
- Professionalism
- Team work
- Unity
- Success
Aptus Value Housing Finance IPO
Aptus Value Housing Finance, headquartered in Chennai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 3000 crore on 15 May 2021.
The Offer includes a fresh equity of Rs. 500 crore and an offer to sell(OFS) up to 6.45 crore equity shares of Aptus Value Housing Finance with face value Rs 2 each by the promoters.
They got approval from Securities and Exchange Board of India(SEBI) on 26 July, 2021 to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 4097.60 | 3746.72 | 2327.58 | 1445.34 | |
| Total Revenue | 461.24 | 500.33 | 323.85 | 199.15 | |
| Profit After Tax | 191.40 | 211.01 | 111.56 | 66.57 | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2020 | 4.77 | 4.74 | 3 |
| Financial Year 2019 | 2.83 | 2.83 | 2 |
| Financial Year 2018 | 1.69 | 1.69 | 1 |
| Weighted Average | 3.61 | 3.60 | |
| (9 months) Dec. 31, 2020 | 3.99 | 3.98 | – |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of The offer
- Presence in significant, under-served markets with high potential for growth
- From beginnings to collections, a robust risk management framework leads to superior asset efficiency.
- Internal processes that result in the desired business outcomes
- Domain experience has resulted in a business model that is impossible to duplicate in certain geographic areas.
- Good corporate governance, knowledgeable and reliable management team, and marquee shareholders
- Financial success with industry-leading profitability is a proven track record.
- Concentrate on their company’s social effects.
Aptus Value Housing Finance IPO Peer Comparison
| S. No. | Company Name | PE |
| 1 | Aavas Financiers Limited | 72.5 |
Aptus Value Housing Finance IPO Details
| IPO Opening Date | 10 August 2021 |
| IPO Closing Date | 12 August 2021 |
| Issue Type | Book Builting |
| Face Value | 2 per share |
| IPO Price | 346 to 353 per equity share |
| Market Lot | 42 |
| Min Order Quantity | 42 |
| Listing At | BSE, NSE |
| Issue Size | Rs. 3000 cr. |
| Fresh Issue | Rs. 500 Cr. |
| Offer for Sale | 6.45 Cr. equity shares |
Aptus Value Housing Finance IPO Tentative Date
The Aptus Value Housing Finance IPO opening date is 10 August 2021, and the closing date is 12 August 2021. The issue may list in 24 August 2021.
| IPO Open Date | 10 August 2021 |
| IPO Close Date | 12 August 2021 |
| Basis of Allotment Date | 17 August 2021 |
| Initiation of Refunds | 18 August 2021 |
| Credit of Shares to Demat Account | 20 August 2021 |
| IPO Listing Date | 24 August 2021 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 50 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 35 | Minimal level of 1 lot, based on availability, for every shareholder. |
Aptus Value Housing Finance IPO Allotment Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Aptus Value Housing Finance IPO.
Aptus Value Housing Finance IPO GMP
Aptus Value Housing Finance IPO Grey Market Premium is as follows and you can check GMP of other IPOs as well from links given below:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| 23 August 2021 | 3 | 900 | 100 |
| 22 August 2021 | 4 | 1700 | 150 |
| 21 August 2021 | 8 | 1200 | 100 |
| 20 August 2021 | 12 | 2000 | 200 |
| 19 August 2021 | 19 | 2600 | 300 |
| 18 August 2021 | 25 | 1800 | 150 |
| 17 August 2021 | 29 | 2900 | 350 |
| 16 August 2021 | 36 | 4800 | 550 |
| 15 August 2021 | 39 | 5600 | 650 |
| 14 August 2021 | 35 | 4500 | 500 |
| 13 August 2021 | 32 | 3500 | 400 |
| 12 August 2021 | 27 | 2300 | 300 |
| 11 August 2021 | 50 | 1800 | 150 |
| 10 August 2021 | 75 | 2400 | 350 |
| 09 August 2021 | 115 | 1500 | 200 |
| 08 August 2021 | 105 | ||
| 07 August 2021 | No Trade | No Trade | No Trade |
| 06 August 2021 | No Trade | No Trade | No Trade |
| 05 August 2021 | No Trade | No Trade | No Trade |
| 04 August 2021 | No Trade | No Trade | No Trade |
Check Out The GMP Of other IPOs
Aptus Value Housing Finance IPO Review
Looking at the financials & company’s health, you can apply in this IPO with Long term view. However, Listing gains might not attractive in this IPO.
Aptus Value Housing Finance IPO Risk
- The Coronavirus pandemic (COVID-19) has had several negative consequences for their company.
- Their company needs a significant amount of finance, and any disruption in their capital sources could have a negative impact on them.
- Failure to meet their obligations, especially financial and other covenants under their debt financing agreements, could have a negative impact on their company.
- The COVID-19 epidemic may have an impact on their liquidity, limiting their capacity to run and grow the company.
- Borrower non-payment or default may have a negative impact on their business.
- Interest rate volatility affects both their lending and treasury activity, which could cause their net interest income to fluctuate.
Other Threats
- Any deterioration in their credit ratings could raise their borrowing costs, limit their capacity to secure financing, and have a negative impact on their company.
- They may experience asset-liability mismatches, which might impact negatively on their liquidity.
- They’ve seen a lot of growth in recent years, and it’s possible that they won’t be able to keep it up in the future.
- Their inability to engage properly in the Indian housing financing industry could have a negative impact on their business.
- Several legal and other processes are pending against their company and its directors. Any negative conclusion in these actions could have a negative impact on their business.
Aptus Value Housing Finance IPO Brokerage views
- Yes Securities : Not Updated
- Choice Brokering: Apply
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Apply
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Aptus Value Housing Finance IPO Subscription
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| 10 August 2021 | 1 | 0.25 | 0.01 | 0.33 | N/A | 0.24 |
| 11 August 2021 | 2 | 0.33 | 0.06 | 0.54 | N/A | 0.37 |
| 12 August 2021 | 3 | 32.41 | 33.91 | 1.35 | N/A | 17.20 |
Promoters
- M Anandan
- Padma Anandan
- WestBridge Crossover Fund, LLC
Aptus Value Housing Finance IPO Promoter Holding
| Pre Issue Share Holding | 60.84% |
| Post Issue Share Holding |
IPO Prospectus
Contact Details
Aptus Value Housing Finance India Limited
No. 8B, Doshi Towers, 8th Floor, No: 205, Poonamallee High Road,
Kilpauk, Chennai 600 010, Tamil Nadu, India
Tel: +91 44 4565 0000
E-mail: [email protected]
Website: www.aptusindia.com
Registrar
KFin Technologies Private Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli
Financial District, Nanakramguda, Serilingampally
Hyderabad 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Lead Manager(s)
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Edelweiss Financial Services Limited
- Kotak Mahindra Capital Company Limited
We hope we are able to answer all your questions about Aptus india IPO. If you don’t have a Demat account open, it now with Zerodha best trading app.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
We do not engage in grey market trading or facilitate the purchase or sale of IPO forms.
What is grey Market?
The phrase “grey market” refers to an illegal over-the-counter market where IPO applications and IPO stock are traded before the entity is listed on a stock exchange. This is a technique for dealers to help consumers who wish to sell their home before it goes on the market.
This is also a way to increase the listing fee and provide help for the issue prior to the listing. In the IPO grey market, there are two types of transactions that take place:
- IPO stocks are traded at a premium in the grey market.
- At a kostak, an IPO application is traded.
What is grey Market Premium?
The Grey Market Premium, or GMP, is the price at which IPO stock shares are exchanged in the grey market.
This could be correct or incorrect, implying that the grey market trading price is greater or cheaper than the issue price, depending on demand and supply for the stocks.
Typically, individuals who do not want to incur the risk of their shares not being allocated through an IPO can purchase shares on the grey market in the hopes of flipping them on the IPO for a profit.
What is Kostak?
The additional amount in rupees at which IPO applications are sold in the IPO Grey Market is known as kostak (or price of application). The bonus of a maximum lot retail application in an IPO is generally described as the ‘Kostak’ value.
The Kostak price is significant primarily before the offer is closed for subscription and the ultimate bidding status is made accessible to IPO participants. After the final auction status is known to investors, only a small percentage of IPO applications are exchanged.
‘Kostak’ is made for those who do not want to incur a risk on an IPO or gain from a listing.
Example:
Aptus Value Housing Finance IPO
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means Aptus Value Housing Finance IPO applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
Kostak rate
The Kostak rate is the fee received by an investor who sells his or her IPO application on the grey market. Regardless of allotment status, this is the money an individual stands to gain.
Subject to Sauda
The money that an investor stands to gain by selling his or her application for firm allotment is referred to as the subject to Sauda. Firm allocation is the important operative phrase here. The sauda will be cancelled if the applicant is not allotted.
When selling an IPO application in the grey market, the client and seller agree that the sale will only be legal if the seller receives the allocation. The deal is avoided if the seller does not get any stocks throughout the IPO procedure.
FAQ
Aptus Value Housing Finance IPO Opening Date?
Aptus Value Housing IPO will open is 10 August 2021.
Aptus Value Housing Finance IPO Allotment Date?
Aptus Value Housing IPO Allotment Date is 17 August 2021.
Aptus Value Housing Finance IPO Listing Date?
Aptus Value Housing IPO Listing date is 24 August 2021
Aptus Value Housing Finance IPO GMP Today?
Aptus Value Housing Finance IPO Grey Market Premium is INR 3.
Aptus Value Housing Finance IPO Price Band?
Aptus india IPO price Band is 346 to 353.
