Aptus Value Housing Finance India IPO
Aptus Value Housing Finance India IPO — date, price band, lot size & details 2021
Aptus Value Housing Finance India listed on 24 Aug 2021 at ₹333, 5.7% below the ₹353 issue price.
Aptus Value Housing Finance lends to low and middle income self-employed customers in rural and semi-urban South India. Its total income was Rs 655.24 crore in FY2021.
Stock price
Aptus Value Housing Finance India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 10 Aug 2021
- Close 12 Aug 2021
- Allotment 18 Aug 2021
- Refund/credit 20 Aug 2021
- Listing 24 Aug 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Aug, 2021 |
|---|---|
| Price Band | ₹346 – ₹353 |
| Face Value | ₹2 |
| Lot Size | 42 Shares |
| Issue Size | ₹2780.05 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,826 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 42 shares at the ₹353 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 42 | ₹14,826 |
| Retail (max) | 13 | 546 | ₹1,92,738 |
| S-HNI (min) | 14 | 588 | ₹2,07,564 |
| S-HNI (max) | 67 | 2,814 | ₹9,93,342 |
| B-HNI (min) | 68 | 2,856 | ₹10,08,168 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 337.12 crore in FY2019 to Rs 655.24 crore in FY2021.
- 02Profit after tax rose from Rs 111.48 crore in FY2019 to Rs 266.94 crore in FY2021.
- 03Net worth grew from Rs 698.38 crore on 31 March 2019 to Rs 1,979.45 crore on 31 March 2021.
- 04Total borrowing of Rs 2,515.07 crore on 31 March 2021 was only about 1.3 times net worth, which is low for a lender.
- 05It had 181 branches across 75 districts, focused on underserved markets.
Risks · 5
- 01Rs 2,280.05 crore of the Rs 2,780.05 crore issue was offer for sale, so most of the money went to selling shareholders.
- 02The pre-issue P/E was 63.72 at the upper band of Rs 353, based on EPS of Rs 5.54.
- 0399.42% of AUM came from customers earning less than Rs 50,000 a month, who are more exposed to income shocks.
- 04Lending is concentrated in South India, mainly in a few states with 181 branches.
- 05Promoters and the promoter group held 74.87% before the issue and 62.51% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Aptus Value Housing Finance India offer document.
| Metric | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|
| Assets | 4,520.17 | 3,746.72 | 2,327.69 |
| Total Income | 655.24 | 523.72 | 337.12 |
| Profit After Tax | 266.94 | 211.01 | 111.48 |
| EBITDA | 557.31 | 437.65 | 274.47 |
| NET Worth | 1,979.45 | 1,709.01 | 698.38 |
| Reserves and Surplus | 1,884.52 | 1,614.50 | 619.59 |
| Total Borrowing | 2,515.07 | 2,021.65 | 1,606.06 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Aptus Value Housing Finance India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Aptus Value Housing Finance India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹5.54 | ₹5.39 |
| P/E Ratio (x) | 63.72 | 65.49 |
| Market Cap at Offer Price (₹ Cr) | ₹17,008.99 | ₹17,482.34 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹353 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹578.10 Cr of the issue is earmarked to named objects.
About the company
It offers home loans for buying, building, improving and extending homes, plus loans against property and business loans. It handles sourcing, underwriting, valuation, legal checks, credit assessment and collection in-house.
It is one of the largest housing finance companies in South India by AUM, which was Rs 37,909.31 million on 31 December 2020. Home loans made up 51.76% of AUM, and 99.42% of AUM came from customers earning less than Rs 50,000 a month. It had 181 branches across 75 districts.
The IPO was Rs 2,780.05 crore, with Rs 500.00 crore of fresh issue and Rs 2,280.05 crore of offer for sale. The fresh money was meant to strengthen its tier I capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Aptus Value Housing Finance India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
ICICI Securities
65 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
49 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Rategain Travel Technologies (-15.3%).
Citigroup Global Markets India Pvt. Ltd
13 issues handledBest listing: Nykaa (+79.4%). Weakest: Kalyan Jewellers India (-15.0%).
Edelweiss Financial Services Ltd
8 issues handledBest listing: Indigo Paints (+75.0%). Weakest: Lodha Developers (-10.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Aptus Value Housing Finance India?
The current Grey Market Premium is ₹0.
What is the Aptus Value Housing Finance India IPO price band?
₹346 to ₹353, on a face value of ₹2.
When is the allotment?
The basis of allotment is 18 August 2021, with listing on 24 August 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
