Aptus Value Housing Finance IPO LISTING Today? What should INVESTORS EXPECT from this IPO, STRATEGY and more - Anil Singhvi DECODES

Aptus Value Housing Finance IPO Listing Date: The initial public offering (IPO) of Aptus Value Housing Finance IPO that opened on August 10 and closed on August 12. The issue will be listed on exchanges today or tomorrow. As per Upstox, Aptus Value Housing Finance IPO will be listed on bourses on Tuesday, August 24, 2021. The initial public offering of Aptus Value has received good response from the investors with the issue getting subscribed 17.20 times, as per NSE data.   

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Ahead of the listing today, investors of this issue must be thinking about premium and strategy for Aptus Value Housing Finance shares going forward.  

Well, talking about this IPO, Zee Business Managing Editor Anil Singhvi has said one with long-term view should only apply in this IPO.  

"Investors with a view of three-five years should certainly invest. There are already 10-12 housing finance companies listed on the exchanges. The current valuations are okay, neither cheap nor attractive. Cheaper valuations would have made them more attractive. on the righter side, Aptus Value Housing Finance promoters are good and the management is experienced. Also, asset quality and a loan book of the company is strong since inception in 2009, as they have never done any loan restructuring so far, "Singhvi had said.  

The managing editor, however, said that the housing finance company's operations are only restricted to the southern part of India.  

Earlier, the issue that opened on August 10 has kept the price band for this IPO between Rs Rs 346-353 per share. 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. 

Aptus Value Housing IPO allotment started on August 18, 2021 and refund were initiated on August 20, 2021. The date for transfer of shares was fixed on August 23, 2021 and the listing for this issue is Tuesday, August 24.  

The book running lead managers to the IPO ICICI Securities, Citigroup Global Markets India, Edelweiss Financial Services and Kotak Mahindra Capital Company.