Aptus Value Housing Finance IPO Details with Share Price Range and Issue Size
|
Opening Date |
August 10, 2021 |
|
Closing Date |
August 12, 2021 |
|
Face Value |
Rs. 2 per equity share |
|
IPO Price Band |
Rs. 346 to 353 per equity share |
|
Minimum Order Quantity |
42 equity shares |
|
Issue Size |
Rs. 2,780 crores |
After witnessing a slew of IPOs from different sectors and industries, the month of August, 2021 is about to see another latest IPO from the housing finance segment. Aptus Value Housing Finance has come up with a public issue of its own with the aim of securing funding. Here’s a brief overview of the key Aptus Value Housing Finance IPO details.
- About the company
Established in 2009, this Chennai-based housing finance company, Aptus Value Housing Finance Limited is one of the largest in South India. The company boasts of a large AUM of Rs. 37,909.31 million as of December 31, 2020. Servicing self-employed low to middle-income group families in both rural and semi-urban settings is one of the key focus areas of the entity, where it has seen tremendous success.
The company’s product portfolio includes home loans, home improvement and extension loans, loans against property, and business loans. Around 51.76% of the company’s total AUM comes from home loans, whereas the remaining comes from various other loan products. As of March 31, 2021, the company’s net profit stood at Rs. 266.94 crores.
- Aptus Value Housing Finance IPO details
Let’s now take a look at the key details of the upcoming IPO including the Aptus Value Housing Finance IPO date and the Aptus Value Housing Finance IPO share price, among others.
- Aptus Value Housing Finance IPO date
The upcoming IPO 2023 of Aptus Value Housing Finance is scheduled to open up to the public subscription on August 10, 2021, with the closing date notified as August 12, 2021.
- Aptus Value Housing Finance IPO issue size
The company’s IPO issue consists of both a fresh issue component as well as an Offer for Sale (OFS) from its promoters. Through the fresh issue, the company is looking to raise around Rs. 500 crores, whereas through the OFS, the promoters are looking to offload around 6,45,90,695 equity shares worth Rs. 2,280.05 crores.
- Aptus Value Housing Finance IPO share price
The share price band of the upcoming IPO of Aptus Value Housing Finance has been notified. The IPO price starts from Rs. 346 per equity share and goes up to Rs. 353 per equity share.
- Aptus Value Housing Finance IPO listing
The shares of the company would be listed on both the stock exchanges of the country - the National Stock Exchange and the Bombay Stock Exchange.
- Aptus Value Housing Finance IPO objectives
The net proceeds from the latest IPO of Aptus Value Housing Finance would be used for augmenting its capital base. This would enable the entity to issue more loans in the future.
Conclusion
All said and done, investing in the Aptus Value Housing Finance IPO requires you to have a demat account. Visit Motilal Oswal right away to open a demat account online within minutes so that you have one with you in time to be able to invest in this IPO.
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