Home loan company Aptus Value Housing to raise ₹2,780 crore through IPO next week

Advertisement
Home loan company Aptus Value Housing to raise ₹2,780 crore through IPO next week
BCCL
  • Aptus Value Housing is a retail-focused housing finance company that primarily serves low and middle-income self-employed customers in the rural and semi-urban markets of India.
  • As per a CRISIL report, it is one of the largest housing finance companies in south India in terms of assets under management (AUM).
  • The company is looking to raise nearly ₹3,000 crore through the initial public offering (IPO).
Retail-focused Aptus Value Housing is scheduled to open its initial public offering (IPO) next week. The company is looking to raise ₹2,780 crore through the public offering, out of which ₹500 crore will be fresh issue and offer for sale up ₹2,280 crores from existing shareholders.

The Chennai-based company is a retail-focused housing finance company that primarily serves low and middle-income self-employed customers in the rural and semi-urban markets of India.

It is one of the largest housing finance companies in south India, as per credit rating agency CRISIL in terms of assets under management (AUM).

Advertisement
Here are some of the important dates related to the IPO:
Issue details
Price band₹346-₹353
IPO open dateAugust 10
IPO close dateAugust 12
Allotment dateAugust 18
Initiation of refundsAugust 20
Credit of shares to demat accountAugust 23
IPO listing dateAugust 24
Minimum lot42

As of 31 March 2021, the company’s assets under management were distributed among Tamil Nadu including the union territory of Puducherry (52.27%), Andhra Pradesh (27.33%), Karnataka (9.93%) and Telangana (10.47%). It has a network of 190 branches covering 75 districts in such states and the union territory of Puducherry.

It intends to use the IPO proceeds of the fresh issue towards augmenting the capital base to meet its future capital requirements.

Advertisement

ParticularsFY21FY20FY19
Revenue₹655.2 crore₹523.7 crore₹337.1 crore
Profits₹266.9 crore₹211 crore₹111.4 crore

SEE ALSO: Chemplast Sanmar IPO - The specialty chemicals manufacturer is looking to raise ₹3,850 crore from IPO

DID YOU KNOW: India’s laundry market is expected to reach $15 billion in the next four years
{{}}