Aptus Value Housing Finance IPO: INVESTORS ALERT! Check price band, face value, opening, closing dates, and other details here

The Chennai-based Aptus Value Housing Finance India is a public limited company under the Companies Act, 1956. 

The company 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. According to the CRISIL Report, the company had the highest RoA of 5.7 per cent among the Peer Set during the financial year 2021.

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It is one of the largest housing finance companies in south India in terms of AUM, as of March 31, 2021. As per CRISIL Report, its Gross Loan Assets have increased from Rs 22,472.3 million, as of March 31, 2019 to Rs 40,677.6 million, as of March 31, 2021, at a CAGR of 34.54 per cent. 

The bid offer for the IPO opens on August 10, 2021 and closes on August 12, 2021 

Book running lead managers are ICICI Securities, Citi, Edelweiss, Kotak Investment Banking and Fintech. 

Face Value of the initial public offering is Rs 2 per equity share. The average cost of acquisition per share has been calculated as per the original face value per share of Rs 10 each.    

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges. The company has received ‘in-principle’ approvals from BSE and NSE for the listing of the Equity Shares pursuant to letters dated June 9, 2021 and June 24, 2021, respectively. For the purposes of the Offer, the Designated Stock Exchange shall be NSE.  

The company promoters are M. Anadan, Padma Anandan, and Westbridge Crossover Fund, LLC.