Aptus Value Housing Finance IPO Listing: Stock gains over 5% from listing price; HOLDS PROMISE, says expert - Recommends THIS strategy

Aptus Value Housing Finance IPO Listing: The stock of Aptus Value Housing Finance India Limited was listed on the exchanges today. As against the IPO share price of Rs 353, the stock was listed at Rs 333 on the NSE and at Rs 329.95 on the BSE.  

Aptus Value Housing Finance IPO Listing was at a discount of 5.6 per cent on the BSE and NSE. However, the stock gained almost 5 per cent on the BSE and was trading at Rs 346.35 at around 2:22 pm, though it was still trailing the issue price by almost Rs 6.5.

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Meanwhile, on the NSE, the shares were trading at Rs 345.10, up by 3.6 per cent or Rs 12 around this time.  

The intraday high for this stock was Rs 354.60 on the BSE while it was Rs 354.80 on the NSE. The intraday low for Aptus Value Housing Finance stock was the listing price on both exchanges.

As per the information present on the NSE, the trading volumes of the Aptus Value Housing Finance shares was 29,349,983 (approximately 2.93 cr) with a traded value at Rs 1,00,867.09 lakhs (1008.67 cr). The total Market Capitalisation stood at Rs 17,10,248.63 lakhs (17,102.48 cr)

Market Expert Avinash Gorakshakar said that long term investors can take a bet on this stock, even though the listing has been lackluster. He said that he was positive on this stock with a long term view. He said that this stock could be accumulated even on dips from here.

This housing finance company stock could prove to be a potential money earner for investors with long term horizon.    

The initial public offering (IPO) of Aptus was subscribed 17.20 times on the NSE during the subscription period from August 10-12, 2021. The price band of the issue was fixed at Rs 346-353 per share.

The initial public offering received bids of over 94.82 crore (94,82,42,442) shares against the total issue size of over 5.51 crore (5,51,28,500) shares, data available with the National Stock Exchange (NSE) showed.

The Rs 2,780 crore IPO comprised a fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale (OFS) of up to 64,590,695 equity shares by the promoter and existing shareholders.
ICICI Securities, Citigroup Global Markets India, Edelweiss Financial Services and Kotak Mahindra Capital Company are the book running lead managers to the IPO.