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Aptus Value IPO was Subscribed 17.2 Times by Day 3

05 August 20226 mins read by Angel One
Aptus Value IPO was Subscribed 17.2 Times by Day 3
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

The initial public offering of Aptus Value was subscribed 17.20 times by the end of its third and final day of public issue on 12 August 2021.

This IPO received bids for a total of 94,82,42,442 shares against the 5,51,28,500 reserved shares. The figures indicate a favourable response from the investors.

According to the DRHP, this housing finance company planned to fundraise Rs. 2,780 crores from its initial public offer. The said public issue comprised a fresh issue worth Rs. 500 crores, whereas the offer for sale (OFS) consisted of a maximum of 64,590,695 shares by its stakeholders and promoters. This initial public offer came at a price band of Rs. 346-353 with a face value of Rs. 2 apiece.

Aptus Value’s Initial Public Offer Performance: Final Verdict 

Here’s a quick summary of how Aptus Value IPO performed across different investor categories by the end of its public issue subscription.

  • Qualified institutional buyers (QIBs) segment received a total bid for 51,04,86,732 shares against the 1,57,51,000 shares reserved for this category.
  • Non institutional investors’ (NIIs) category received bids for 40,05,43,332 shares out of the 1,18,13,250 reserved shares.
  • Retail individual investors’ (RII) category received applications for 3,72,12,378 shares against the 2,75,64,250 shares.

Check this tabular representation of the Aptus Value IPO subscription below.

32.41 times 1.35 times 33.91 times 17.20 times

The QIB category received an allotment for 28.57% shares. On the other hand, the RII and the NII categories received 50% and 21.43% shares, respectively, in this initial public offer.

A Quick Recap of Aptus Value Anchor Investment

Right before this initial public offer, Aptus Value Housing Finance raised more than Rs. 834 crores from a total of 36 anchor investors. The said investors received 2,36,26,500 shares at Rs. 353 apiece.

A total of 9 domestic investors, inclusive of 5 AIFs, 3 mutual funds, and 1 life insurance company, received 35,10,558 shares worth Rs. 123.9 crores.

Domestic Investors

Some of the major domestic investors include:

  • Premji
  • IIFL Group
  • Axis Mutual Fund
  • DSP Mutual Fund
  • Edelweiss Mutual Fund

Marquee Investors

  • Westbridge
  • Madison India
  • Sequoia Capital
  • Steadview Capital
  • Malabar Investments

Also, entities such as Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited, and Edelweiss Financial Services Limited are appointed as the lead managers for this IPO.

Aptus Value IPO:  Day 1 and Day 2 Highlights

Here is a quick overview of how Aptus Value IPO performed on Day 1 and Day 2 across all investor categories.

Bidding Day Qualified Institutional Buyers Retail Investors Non-Institutional Investors Total 
Day 1  0.25 Times 0.32 times 0.01 times 0.24 times
Day 2 0.33 Times 0.54 times 0.06 times 0.37 times

 Wrapping Up 

Based on the market’s verdict, Aptus Value IPO has performed well across all investor segments. By the end of Day 3 of this public issue, Aptus Value received brilliant response for its IPO.

In case investors failed to get shares allotted during this IPO, they can wait for the company shares to get listed on the stock exchanges and invest accordingly. Regardless, it is always a wise move to park money into a company stock only after conducting a thorough analysis of its strengths, weaknesses and prospects.

Stay tuned for all the latest IPO updates with Angel One.


Frequently Asked Questions

  1. When will Aptus Value IPO list?

The tentative listing date is 24 August 2021.

  1. When will I receive Aptus Value shares?

Aptus Value’s shares will be credited to your Demat account on 23 August 2021.

  1. When can I expect refund initiation?

Refunds will be initiated on 20 August 2021.

  1. Where will the Aptus Value list its shares?

Aptus Value will list its shares in BSE and NSE.


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