Home>IPO>Aptus Value Housing Finance India Ltd.

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₹333-₹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 PDFopen_in_new

Subscription Rate As on 12th Aug 2021, 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

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