Aptus Value Housing Finance India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹353
Per ShareLot Size
42 Shares
Minimum Investment
₹14,826
Issue Size
₹2,734.84 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Aptus Value Housing Finance India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
60.84%
Issue Type
Book Building
ISIN
INE852O01025
About the Company
Aptus Value Housing Finance India Limited 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 6.3% among the Peer Set during the financial year 2020. It is one of the largest housing finance companies in south India in terms of AUM, as of December 31, 2020. Its Gross Loan Assets have increased from Rs. 14,167.36 million, as of March 31, 2018 to Rs. 37,909.31 million, as of December 31, 2020, at a CAGR of 38.83%.
Industry Overview
Fiscal 2020 was volatile for the global economy. The first three quarters were ensnared in trade protectionist policies and disputes among major trading partners, volatile commodity and energy prices, and economic uncertainties arising from Brexit. CRISIL estimates the Indian economy to shrink 8.0% in Fiscal 2021 on account of the COVID-19 pandemic. After sluggish growth in first half of the fiscal owing to rising COVID-19 cases, gross domestic product growth is expected to move into positive territory in the second half of the year with economic activity picking up gradually.
Company History
Aptus Value Housing Finance India Limited was incorporated as a public limited company at Chennai, Tamil Nadu under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 11, 2009, issued by the Registrar of Companies, Tamil Nadu at Chennai (then known as Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands) and commenced operations pursuant to a certificate for commencement of business dated June 25, 2010, issued by the Registrar of Companies, Tamil Nadu at Chennai (then known as Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands).
Products & Services
- The Company offers home loans for the purchase and self-construction of residential property, home improvement and extension loans, loans against property and business loans
Growth Strategy
- Continue to focus on low and middle income self-employed customers in rural and semi-urban markets
- Increase penetration in its existing markets and expand its branch network in large housing markets
- Continue to be an asset quality focused financier
- Reduce cost of borrowings by diversifying sources of borrowing and improving credit rating
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial Public Offer of 78,755,000@ equity shares of face value of Rs.2 each ("equity shares") of Aptus Value Housing Finance India Limited ("company" or "issuer") for cash at a price of Rs.353 per equity share (including a share premium of Rs.351 per equity share) ("offer price") aggregating up to Rs.2780.01 Crores comprising a fresh issue of 14,164,305 equity shares aggregating up to Rs.500 Crores by the company ("fresh issue") and an offer for sale of 64,590,695@ equity shares aggregating up to Rs.2280.01 Crores ("offered shares") by the selling shareholders, comprising 2,500,000 equity shares aggregating up to Rs.88.25 Crores by Padma Anandan ("individual promoter selling shareholder"), 19,762,495 equity shares aggregating up to Rs.697.62 Crores by Aravali Investment Holdings, 28,379,135@ equity shares aggregating up to Rs.1001.78 Crores by Jih II, LLC, 9,997,855 equity shares aggregating up to Rs.352.92 Crores by Ghiof Mauritius, 3,723,710 equity shares aggregating up to Rs.131.45 Crores by Madison India Opportunities IV (Aravali Investment Holdings, Jih II, LLC, Ghiof Mauritius and Madison India Opportunities IV collectively referred to as the "investor selling shareholders"), 125,000 equity shares aggregating up to Rs.4.41 Crores by KM Mohandass Huf*, 75,000 equity shares aggregating up to Rs.2.65 Crores by R Umasuthan** and 27,500 equity shares aggregating up to Rs.0.97 Crores by Saurabh Vijay Bhat (KM Mohandass Huf, R Umasuthan and Saurabh Vijay Bhat, collectively referred to as the "other selling shareholders", and along with the individual promoter selling shareholder referred to as the "selling shareholders) ("offer for sale" and together with the fresh issue, the "offer"). The offer constitutes 15.89% of the post-offer paid-up equity share capital of the Company. *Kandheri Munuswamy Mohandass, the karta of km mohandass huf and the registered owner of the equity shares held by KM Mohandass Huf, is a non-executive independent director on the board **R Umasuthan is an independent director on the board of directors of the subsidiary. Offer Price : Rs. 353 per Equity Share of face value of Rs. 2 Each. Anchor Investor offer price : Rs. 353 per Equity Share. The Face Value of Equity Shares is Rs. 2 each. The Offer Price is 176.5 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Presence in large, underpenetrated markets with strong growth potential
- Robust risk management architecture from origination to collections leading to superior asset quality
- In-house operations leading to desired business outcomes
- Domain expertise resulting in a business model difficult to replicate by others in its geographies
- Experienced and stable management team with marquee shareholders and strong corporate governance
- The Coronavirus pandemic (COVID-19) has had certain adverse effects on its business, operations, cash flows and financial condition and the extent to which it or the effect of outbreaks of any other severe communicable disease may continue to do so in the future, is uncertain and cannot be predicted.
- The company require substantial capital for its business and any disruption in the company sources of capital could have an adverse effect on its business, results of operations and financial condition.
- The company inability to meet its obligations, including financial and other covenants under its debt financing arrangements could adversely affect the business, results of operations and financial condition.
- Its liquidity may be affected by the COVID-19 pandemic which may affect its ability to continue to operate and grow the business.
- The risk of non-payment or default by borrowers may adversely affect its business, results of operations and financial condition.