Aptus Value Housing Finance India Ltd | Globe Capital
Aptus Value Housing Finance India Ltd
Closed
Price Band
Rs. 346 – 353
IPO Issue Period
Aug 10, 2021 to Aug 12, 2021
Issue Size
Rs. 2780.05 Cr.
Face value
Rs. 2/-
Fresh issue
Rs. 500 Cr.
Offer for sale
Rs. 2280.05 Cr.
Minimum Shares for Retail
42 shares
Maximum Shares for Retail
546 shares
Listing on
NSE, BSE
Issue Type
Book Building
Tentative Listing Date
24-Aug-21
QIB
Not More than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer
Registrar to the Issue
KFintech Private Limited

Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd, ICICI Securities Limited, Kotak Mahindra Capital Company Limited

Aptus Value Housing is a retail-focused housing finance company that primarily serves low and middle-income self-employed customers in the rural and semi-urban markets of India. Company’s marquee shareholders include WestBridge Crossover Fund, LLC, Malabar India Fund Ltd (an affiliate of Malabar Investments), SCI Investments VI (an affiliate of Sequoia Capital), Madison India Opportunities IV (Madison India Capital) and Steadview Capital Mauritius Ltd (an affiliate of Steadview Capital Management). The company offers home loans to retail customers to purchase homes, construct residential property, house improvement and extension, loans against property, and business loans. The company had the highest RoA of 5.7% among the Peer Set during the financial year 2021. They are one of the largest housing finance companies in south India in terms of AUM, as of March 31, 2021. Their AUM have increased from Rs. 2,247.23 crore, as of March 31, 2019 to Rs. 4,067.76 crore, as of March 31, 2021, at a CAGR of 34.54%

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 636.62 500.33 323
Profit After Tax 266.94 211.01 111.56
EPS 5.56 4.77 2.83
OPM(%) 87.54% 87.47% 84.98%
PATM(%) 41.93% 42.17% 34.45%
  • It is one of the largest housing finance companies in South India in terms of AUM.
  • The Company has strong network of 181 branches across 75 districts and union territory of Pondicherry.
  • Presence in large, underpenetrated market with strong growth potential.
  • Robust credit risk management from origination to collections leading to assure strong asset quality.
  • Established financial performance track record.
  • To augment company’s capital base to meet future capital requirements.
  • To meet issue related expenditures.
  • To achieve share listing benefits on the stock exchanges.

The sustainability of the last three fiscals robust performance is unlikely going forward with rising competition and softening of interest rates. Based on its current financial

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