Aptus Value Housing Finance India Ltd IPO

Last Updated: 03 January 2022 8:09 AM by 5Paisa

Aptus Value Housing Finance, a housing finance company is launching its Initial Public Offer from August 10th. Aptus Value Housing Finance IPO will be open for subscription till August 12th.

Aptus Value Housing Finance Shareholding Pattern

Offer Details:

The offer comprises of a fresh issue and an offer for sale. The fresh issue is comprised of INR 500cr which would be utilized towards fully augmenting the tier I capital requirements of the company. The offer for sale is comprised of 64,590,695 equity shares amounting to ~₹2,280cr and the proceeds would directly go to the selling shareholder.

Aptus Value Housing Finance India Limited is an entirely retail-focused housing finance company primarily serving low and middle-income self-employed customers in the rural and semi-urban markets of India. The company is one of the largest housing finance companies in south India in terms of AUM, as of March 31, 2021 (Source: CRISIL Report). The company offers customers home loans for the purchase and self-construction of residential property, home improvement and extension loans; loans against property; and business loans. Aptus Value Housing Finance target first time home buyers where the collateral is a self-occupied residential property and does not provide any loans with a ticket size above ₹2.50 million. The company has implemented a robust risk management architecture which is reflected in their asset quality. The company has repeatedly pointed out that this self-employed entry level segment is normally very cautious about credit records since they cannot afford to be blacklisted in the credit market in any form. Hence, they ensure to make their EMI payments on time, even in the midst of tough financial conditions. This is evident from the fact that Aptus Value Housing enjoys collection efficiency of 99.20%.

Aptus Value Housing Finance - Financials

_{Source: RHP}