Aptus Value Housing Finance has received the capital market regulator’s go-ahead to float its initial public offering. The Chennai-based financial services provider had filed preliminary papers with SEBI in May to raise funds via public issue. As per its DRHP, the company’s IPO will comprise a fresh issue worth Rs. 500 crores and an offer for sale (OFS) of 64,590,695 shares by the company’s existing shareholders and promoters.
With the IPO set to launch soon, it’s imperative for investors to know the crucial details regarding Aptus Value. But before we delve into them, let’s get to know more about this company.
This is a financial services company that primarily caters to the requirements of self-employed retail customers belonging to the low and middle-income segment. The company’s area of focus includes rural and semi-urban markets in India. Its offerings do not include products for commercial real estate.
Furthermore, Aptus Value does not offer credit to builders.
Here are some essential details that individuals need to keep in mind regarding Aptus Value’s initial share sale:
The table below represents the share allotment across different investor segments:
Investor Segment | Reserved Portion |
Qualified Institutional Buyers (QIBs) | 50% |
Non Institutional Investors | 15% |
Retail Individual Investors | 35% |
Aptus Value has also reserved a portion of its public issue for eligible employees.
The company is looking to fulfil the following objectives by raising funds via its initial public offering:
In case one is looking to subscribe to the initial public offering of Aptus Value, he/she must consider the strengths, financials, etc., of the issuer. In the following section, we’ll be looking at these aspects.
The following are the strengths of Aptus Value Housing Finance:
Besides these, it’s vital to look at the company’s financial position.
Here are some key highlights of the company’s financials:
Aptus Value has been consistent in improving its scale of operations and geographical concentration. Furthermore, the company is financially well placed with favourable profitability indicators. Accordingly, investors might want to subscribe to the company’s initial share sale. Nevertheless, they must consider more aspects like weaknesses, threats, opportunities concerning Aptus Value before subscribing to the IPO.
FAQs
Individuals can subscribe to Aptus Value IPO by opening a Demat account with Angel One. Existing customers can sign in to their account by using their login credentials and book shares of the Aptus Value once the initial public offering opens for subscription.
The promoters of Aptus Value IPO are Mr. M. Anandan (founder) and West Bridge Crossover Fund.
Some of the marquee investors of Aptus Value Housing Finance include Steadview Capital, Sequoia Capital, Madison India, Malabar Investments and Westbridge.
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