About Aptus Value Housing Finance IPO

Aptus Value offers housing and non-housing loans besides insurance services. The company’s client base primarily comprises customers belonging to the rural and semi-urban markets of India. A unique aspect of Aptus Value is that it does not provide financial services for commercial real estate. Moreover, builders cannot avail of financial assistance from this company. It only caters to the requirements of the retail segment.

About Aptus Value Housing Finance IPO Objectives

- Meeting general corporate purposes
- Expanding lender’s capital base to be able to finance requirements in the future
- Meeting issue expenses

Aptus Value Housing Finance IPO - Details

Aptus Value has filed DRHP with SEBI for its initial public offering. The company plans to raise Rs. 2780.05 crores. Its IPO will include a fresh issue of Rs. 500 crores and an OFS of 64,590,695 by the promoter and existing shareholders.

Opening Date

10 August 2021

Closing Date

12 August 2021

Price Band

₹346 - ₹353

per equity share

Issue Size

₹ 2,780 crores approx.

Face Value

₹ 2

per equity share

Market Lot

42 shares

Opening Date

10 August 2021

Closing Date

12 August 2021

Price Band

₹346 - ₹353

per equity share

Issue Size

₹ 2,780 crores approx.

Face Value

₹ 2

per equity share

Market Lot

42 shares

Listing at NSE, BSE

Aptus Value Housing Finance IPO Important Dates

IPO Open Date	10 August 2021
IPO Close Date	12 August 2021
Basis Of Allotment Date	18 August 2021
Initiation Of Refunds	20 August 2021
Credit Of Shares To Demat ACcount	23 August 2021
IPO Listing Date	24 August 2021

Aptus Value Housing Finance IPO Latest News and Subscription Status Today [Live]

Day 3 : 12 August 2021

Day 2 : 11 August 2021

Day 1 : 10 August 2021

At 04:20 p.m.

- This IPO has been subscribed 17.18x by 4:20 PM. on Day 3
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 32.41x
- (NII) Non-institutional buyers: 33.91x
- (RII) Retail Individual buyers: 1.31x

At 03:10 p.m.

- This IPO has been subscribed 10.41x by 3:10 PM. on Day 3
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 20.61x
- (NII) Non-institutional buyers: 18.48x
- (RII) Retail Individual buyers: 1.12x

At 02:30 p.m.

- This IPO has been subscribed 8.12x by 2:30 PM. on Day 3
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 13.52x
- (NII) Non-institutional buyers: 17.39x
- (RII) Retail Individual buyers: 1.05x

At 01:30 p.m.

- This IPO has been subscribed 1.51x by 1:30 PM. on Day 3
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 3.46x
- (NII) Non-institutional buyers: 0.40x
- (RII) Retail Individual buyers: 0.87x

At 12:30 p.m.

- This IPO has been subscribed 1.26x by 12:30 PM. on Day 3
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 2.92x
- (NII) Non-institutional buyers: 0.23x
- (RII) Retail Individual buyers: 0.75x

At 10:50 a.m.

- This IPO has been subscribed 0.43x by 10:50 AM on Day 3
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.33x
- (NII) Non-institutional buyers: 0.07x
- (RII) Retail Individual buyers: 0.65x

At 05:10 p.m.

- This IPO has been subscribed 0.37x by 5:10 PM. on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.33x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 0.54x

At 04:10 p.m.

- This IPO has been subscribed 0.36x by 4:10 PM. on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.33x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 0.51x

At 03:10 p.m.

- This IPO has been subscribed 0.31x by 3:10 PM. on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.45x

At 02:05 p.m.

- This IPO has been subscribed 0.30x by 121:55 PM on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.28x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.44x

At 12:55 p.m.

- This IPO has been subscribed 0.29x by 121:55 PM on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.27x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.42x

At 11:55 a.m.

- This IPO has been subscribed 0.28x by 11:55 AM on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.27x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.40x

At 10:50 a.m.

- This IPO has been subscribed 0.27x by 10:50 AM on Day 2
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.27x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.38x

At 05:10 p.m.

- This IPO has been subscribed 0.24x by 5:10 PM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.25x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.32x

At 04:10 p.m.

- This IPO has been subscribed 0.20x by 4:10 PM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.21x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.28x

At 02:55 p.m.

- This IPO has been subscribed 0.13x by 2:55 PM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.25x

At 01:55 p.m.

- This IPO has been subscribed 0.11x by 1:55 PM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.23x

At 12:55 p.m.

- This IPO has been subscribed 0.10x by 12:55 PM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.20x

At 12:15 p.m.

- This IPO has been subscribed 0.09x by 12:15 PM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.18x

At 11:10 a.m.

- This IPO has been subscribed 0.06x by 11:10 AM on Day 1
- It is a public issue of 5,51,28,500 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.11x

Why Should You Invest in Aptus Value Housing Finance IPO?

Aptus Value has been expanding its scale of operations constantly besides improving portfolio concentration. From a financial standpoint, the company looks well-positioned; its profitability indicators appear to be quite strong. Apart from high quality of assets, sufficient risk management systems, Aptus has an efficient management team. The outlook appears to be quite positive for this company considering the factors mentioned above. Accordingly, investors might want to subscribe to Aptus Value Housing Finance IPO.

Financial highlights

As Of	Total Revenue (in Rs.)	Total Assets (in Rs.)	Profit After Tax (in Rs.)
March 2021	6,552.42 million	45,201.65 million	2,669.44 million
March 2020	5,237.20 million	37,467.24 million	2,110.12 million
March 2019	3,371.15 million	23,276.87 million	1,114.83 million

How to Apply for Aptus Value Housing Finance IPO?

You can apply for the Aptus Value Housing Finance IPO in these ways:

UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book Aptus Value Housing Finance IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.

Demat Account

1. If you are already a client of Angel One, apply directly for Aptus Value Housing Finance IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel Broking to begin your investment journey.

Aptus Value Housing Finance – Noteworthy Highlights

The following are some noteworthy highlights of Aptus Value that investors must take into account :

- As of December 2020, Aptus Value’s total assets under management stood at Rs. 37.91 billion. It had more than 180 branches.

- Aptus Value Housing finance reported a loan book of Rs. 4,000 crores as of December 2020.

- As per CRISIL, in FY2020, Aptus Value recorded a ROA of 6.3% owing to an optimal product mix and prudent cost control measures. During the same period, this company recorded the lowest cost to income ratio in the industry (26.4%). Both these figures were the highest among its peers.

- This company has raised a total of $193.7 million over 3 funding rounds.

Aptus Value Housing Finance - SWOT Analysis

Strengths

Expanding Scale of Operations: As of 31 March 2018, Aptus Value’s AUM stood at approximately Rs. 14,167 million. It increased to Rs. 37,909.31 million by 31 December 2020 at a CAGR of nearly 39%. As of 31 March 2020, the company’s portfolio mix comprised 61% housing loans and 39% non-housing loans.
Improved Geographical Concentration: This company has established a foothold in the southern part of India, having a strong portfolio concentration in Tamil Nadu. That said, this concentration decreased by 4% to 56%, as reported on 31 March 2020.
Favourable Indicators of Profitability: In the past few years, Aptus Value’s profitability indicators have been quite healthy. In FY2020, this company reported a NIM of 9.9%. During the same period, its credit costs stood at 0.1%.

Weaknesses

Limited Portfolio Seasoning: Although Aptus Value has been able to maintain the quality of its assets over the years, the loan portfolio of this company is not quite seasoned. This is because a major portion of its portfolio originated over the past 5 years.
Exposure to the Under-Banked Category: This company primarily offers services to self-employed individuals who belong to the lower, middle-income division. This category is extremely vulnerable to a slowdown in economic activity. Accordingly, it is difficult for Aptus to expand its scale of operations while maintaining the quality of its assets at the same time.

Opportunities

The Growing Real Estate Market: By 2030, India’s real estate sector has the potential to reach the $1 trillion mark. This represents an excellent opportunity for the Aptus Value Housing Finance.

Threats

Rising Non-Performing Assets: Although there might be an increase in loan disbursement, the amount of non-performing assets (NPAs) could be increasing sharply. This could pose a significant threat to Aptus Value.
Increase in the Rate of Borrowing: India’s housing finance industry could be impacted due to the rise in inflation. Thus, there’s a possibility that Aptus Value could experience some headwinds.

Strengths

Weaknesses

Opportunities

Threats

Strengths

Scaled Diagnostics Operation: Krsnaa Diagnostics operates in 14 states across the country with 465 pathology labs and over 2000 diagnostic centres, including collection and processing centres. Its operational base provides the company with strong financial leverage, helping it maintain a 30% operating margin as of 31 March 2020.
Healthy Financial Risk Profile: The management of Krsnaa Diagnostics strives to maintain a 1:1 equity-to-debt ratio, keeping its risk profile at a moderate level over the medium term.
Robust Infrastructure: It uses advanced technology and the best of the latest equipment in its diagnostics centres. Such modern and technologically advanced infrastructure offers it a competitive advantage in the market and helps retain and increase its customer base.

Weaknesses

Working capital needs: The PPP segment accounts for a significant portion of its receivables, stretching the credit period between 115 and 139 days. Therefore, its working capital requirements are significantly high.

Opportunities

Growth Prospects: The diverse geographical presence and strong financials offer Krsnaa Diagnostics the flexibility to expand its scale of operation and facility units.
Large Government Orders: Since the pandemic hit, GOI has decided to up its investment in the healthcare sector. This opens up opportunities for the company as it receives nearly 70% of its orders from government departments as of 31 March 2020.

Threats

Increase in Operating Costs: The tenders Krsnaa Diagnostics receive usually feature a tenure of 7 – 10 years. The price goes up by 2 – 3% after every 3 – 5 years. Therefore, if there’s a sudden increase in its operating costs, the company may struggle.
Generic Products: Diagnostics centres across the country offer similar tests and methods of prognosis. This increases the competition for the company from both regional and established market players.

Competitor Analysis: Market Peers

The table provides information about the competition that Aptus faces from its listed peers.

Company	Market Capitalisation Growth rate (Last 5 Years)	TTM P/E Ratio	Dividend Yield
LIC Housing Finance	62.34%	8.02	1.96
Aavas Financiers	92.20%	69.59	-
PNB Housing Finance	213.40%	12.32	-
GIC Housing Finance	96.59%	9.11	2.24

*Figures as of 28 July 2021

Report from our researchers

What Is Angel One's Expert Research Report?

Our internal team of experts coalesces industry insight to prepare a thorough investigative report to give you a detailed understanding of the market. These reports are meticulously prepared to explain to you each and every step the market takes so that you always remain at the top of your investment game.

Who are the merchant bankers of Aptus Value Housing Finance IPO?

The issuer has appointed ICICI Securities, Edelweiss Financial Services and Kotak Mahindra Capital to act as advisors on Aptus Value’s initial public offering.

What is the issue type of Aptus Value IPO?

Aptus Value IPO is a book build type of issue.

When is Aptus Value Housing Finance IPO opening for subscription?

The IPO opening date is tentatively set on 9 August 2021.

Who is the registrar of Aptus Value IPO?

The registrar of Aptus Value IPO is KFin Technologies Private Limited.

What is the listing date of Aptus Value IPO?

The listing date of Aptus Value IPO is tentatively on 24 August 2021.

What is the minimum lot size of the upcoming public issue?

The minimum lot size of Aptus Value’s upcoming IPO is 1, comprising 42 shares.

How can investors check the allotment status of Aptus Value IPO?

Individuals can check the allotment status of Aptus Value’s upcoming IPO by visiting the official portal of the registrar - KFin Technologies Private Limited.

Who are the promoters of Aptus Value Housing Finance?

The promoters of Aptus Value are Mr. M. Anandan (founder) and West Bridge Crossover Fund.

Can employees of Aptus Value Housing Finance subscribe to its IPO?

Yes, the issuer has set aside a portion of the issue for its eligible employees.

About Aptus Value Housing Finance IPO

About Aptus Value Housing Finance IPO Objectives

Aptus Value Housing Finance IPO - Details

Aptus Value Housing Finance IPO Important Dates

Aptus Value Housing Finance IPO Latest News and Subscription Status Today [Live]

At 04:20 p.m.

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Why Should You Invest in Aptus Value Housing Finance IPO?

Financial highlights

How to Apply for Aptus Value Housing Finance IPO?

Aptus Value Housing Finance – Noteworthy Highlights

Aptus Value Housing Finance - SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Competitor Analysis: Market Peers

Report from our researchers

What Is Angel One's Expert Research Report?

Aptus Value Housing Finance IPO FAQs

Who are the merchant bankers of Aptus Value Housing Finance IPO?

What is the issue type of Aptus Value IPO?

When is Aptus Value Housing Finance IPO opening for subscription?

Who is the registrar of Aptus Value IPO?

What is the listing date of Aptus Value IPO?

What is the minimum lot size of the upcoming public issue?

How can investors check the allotment status of Aptus Value IPO?

Who are the promoters of Aptus Value Housing Finance?

Can employees of Aptus Value Housing Finance subscribe to its IPO?

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