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Aptus Value Housing Finance IPO

Aptus Value Housing Finance India Ltd.

₹14,532 /42 sharesMinimum Investment

IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹353.00₹333.00-₹20.00 (5.67%)

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 Aug ‘21 - 12 Aug ‘21₹14,53242₹346 - ₹353
Issue SizeIPO Doc
2780Cr
RHP PDF

Subscription Rate As on 12 Aug '21, 5:00 PM

  • Retail Individual Investor
    1.35x
  • Non-Institutional Investor
    33.91x
  • Qualified Institutional Buyers
    32.41x

About Company

Aptus Value Housing Finance India Ltd. 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. It was one of the largest housing finance companies in south India in terms of AUM, as of December 31, 2020. 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. It primarily targets first-time homebuyers where the collateral is a self-occupied residential property.
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Founded
2009
Managing Director
M Anandan

Strengths & Risks

  • Presence in large, underpenetrated markets with strong growth potential
  • A robust risk management architecture from origination to collections leading to superior asset quality
  • In-house operations leading to desired business outcomes
  • Domain expertise resulting in a business model difficult to replicate by others in its geographies
  • Experienced and stable management team with marquee shareholders and strong corporate governance
  • Established track record of financial performance with industry-leading profitability
  • Focus on the social impact of its business
  • Any disruption in the sources of capital since the company requires substantial capital for its business.
  • Inability to meet its obligations, including financial and other covenants under its debt financing arrangements.
  • Non-payment or default by borrowers.
  • Impact of the volatility in interest rates for both its lending and treasury operations.
  • Any downgrade in its credit ratings resulting in an increase in its borrowing costs and affecting its ability to obtain financing.
  • Asset-liability mismatches affecting its liquidity.
  • Geographical concentration in two states – Tamil Nadu and Andhra Pradesh.
  • Inability to recover the full value of collateral, or amounts outstanding under defaulted loans in a timely manner.
  • A highly competitive industry – the Indian Housing Finance industry.
  • Dependency on its information technology systems.
  • Any failure or significant weakness of its internal processes or systems resulting in operational errors or incidents of fraud.
  • Lack of success in expanding the business into new regions and markets in India or the sub-optimal performance of its new branches.
  • Inability to maintain its capital adequacy ratio.
  • The continuing impact of covid-19.
  • Any changes in laws and regulations applicable to Housing Finance Companies.
  • Any disruption in the sources of capital since the company requires substantial capital for its business.
  • Inability to meet its obligations, including financial and other covenants under its debt financing arrangements.
  • Non-payment or default by borrowers.
  • Impact of the volatility in interest rates for both its lending and treasury operations.
  • Any downgrade in its credit ratings resulting in an increase in its borrowing costs and affecting its ability to obtain financing.
  • Asset-liability mismatches affecting its liquidity.
  • Geographical concentration in two states – Tamil Nadu and Andhra Pradesh.
  • Inability to recover the full value of collateral, or amounts outstanding under defaulted loans in a timely manner.
  • A highly competitive industry – the Indian Housing Finance industry.
  • Dependency on its information technology systems.
  • Any failure or significant weakness of its internal processes or systems resulting in operational errors or incidents of fraud.
  • Lack of success in expanding the business into new regions and markets in India or the sub-optimal performance of its new branches.
  • Inability to maintain its capital adequacy ratio.
  • Any changes in laws and regulations applicable to Housing Finance Companies.
  • Inability to detect money-laundering and other illegal activities fully and on a timely basis.
  • Inability to detect money-laundering and other illegal activities fully and on a timely basis.

Financials

*All values are in Rs. Cr
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