Aptus Value Housing Finance IPO Details, Issue Price and Grey Market Premium
Details of the Aptus Value Housing Finance IPO:
- Issue Amount : Upto ₹2,780 Cr (Fresh issue of ₹500 Cr + OFS of ₹2,280 Cr)
- Post Issue Implied Market Cap: Upto ₹ 17,494 Cr at Upper band
- Total shares on offer : Upto 79,041,562 Equity Shares at Lower band
- Face Value : ₹2 per share
- Price Band : ₹346 to ₹353
- Lot Size : 42 shares
Important dates for Aptus Value Housing Finance IPO:
- IPO Open: Tuesday, August 10, 2021
- IPO Close: Thursday, August 12, 2021
- Finalization of basis of allotment: 18 August 2021
- Refunds/Unblocking ASBA fund: 20 August 2021
- Credit of equity shares to DP account: 23 August 2021
- Trading commences: 24 August 2021
Company Background:
It offers customers home loans for the purchase and self-construction of residential property, home improvement and extension loans; loans against property; and business loans, which accounted for ₹2,103.21 Cr, or 51.70%, ₹890.34 Cr, or 21.89% and ₹1,074.21 Cr, or 26.41% of our AUM, as of March 31, 2021, respectively. We target first time home buyers where the collateral is a self-occupied residential property. Loans to self-employed customers accounted for ₹2,930.88 Cr, or 72.05% of our AUM, while loans to salaried customer accounted for ₹1,136.88 Cr, or 27.95%, as of March 31, 2021. As of March 31, 2021, ₹4,045.98 Cr, or 99.46% of our AUM were from customers who belonged to the low and middle income groups, earning less than ₹ 50,000 per month, and ₹1,494.8 Cr of our AUM, or 39.88% of our customers were new to credit. Further, as of March 31, 2021, ₹2,518.7 Cr, or 61.92% of our AUM were from customers located in rural regions.
(Source: CRISIL Report).
Strength of the Company
- Presence in large, underpenetrated markets with strong growth potential
- In-house operations leading to desired business outcomes
- Experienced and stable management team with marquee shareholders
- Established track record of financial performance with industry leading profitability
- Robust risk management architecture from origination to collections leading to superior asset quality
(Source : Refer RHP)
Risks
- Requires substantial capital for business and any disruption in their sources of capital could impact business adversely
- A substantial portion of its customers are first time borrowers which increases risks of non-payment or default
- Risk of default by borrowers may adversely affect its business
- The COVID-19 pandemic, or a similar public health threat, could impact its business
(Source : Refer RHP)
Financial Details of Aptus Value Housing Finance IPO:
Purpose of the Aptus Value Housing Finance IPO:
- To augment company’s capital
- To meet company’s future capital requirements
- Further, the Company expects that listing of the Equity Shares will enhance its visibility and brand image and provide liquidity to its Shareholders and will also provide a public market for the Equity Shares in India.
Grey Market Premium Aptus Value Housing Finance IPO:
In Grey market the premium for Aptus Value Housing Finance IPO is week and still at Zero.
It is really knowledgeable 👏🏻👏🏻
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