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Aptus Value Housing Finance India Ltd. : Company Financials and Other Info.

Aptus Limited initiated its operations in 2009. It is among the highest rated finance companies in the south of India. The company prefers working with the lower and semi lower class of people. The loans are given for major household purposes, property buying and selling and many more. The highest revenue generation comes from the lower middle class of people. Its share is close to 99.5%.

IPO DETAILS

Aptus Value Housing Finance India Limited IPO is set to launch on 10th Aug, 2021. The subscription timeline extends till 12th Aug, 2021. The size for the IPO is 2780.05 Crore Rs. Shares issued through Offer for sale are 2280.05 Crore Rs. Shares worth Rs. 500 Crore are issued through Fresh issue. The minimum lot size is 42 shares and the price is set at 346 Rs. – 353 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 2 and this is a book built issue. The registrar for the company is KARVY FINTECH Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	10th Aug, 2021
CLOSING DATE FOR IPO	12th Aug, 2021
ISSUE TYPE	Book Built Issue
Face Value per share	2 Rs. per share
IPO price band	346 Rs. – 353 Rs.
LOT SIZE	42 shares
MINIMUM ORDER QUANTITY	42 shares
ISSUE SIZE	2780.05 Crore Rs.
OFFER FOR SALE	2280.05 Crore Rs.
FRESH ISSUE	500 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	24th Aug, 2021

IMPORTANT DATES

IPO OPENING DATE	10th Aug, 2021
CLOSING DATE FOR IPO	12th Aug, 2021
IPO ALLOTMENT DATE	18th Aug, 2021
REFUNDS	20th Aug, 2021
DEMAT A/C CREDITED ON	23rd Aug, 2021
IPO LISTING DATE	24th Aug, 2021

The Aptus Value Housing Finance India Limited IPO begins for subscription from 10th Aug, 2021. The IPO subscription would continue till 12th Aug, 2021. The allotment status for the shareholders who applied would come on 18th Aug, 2021. The refunds for the ones who did not get allotment would be initiated on 20th Aug, 2021. The DEMAT accounts of shareholders would be credited on 23rd Aug, 2021. The listing of the company would be accompanied on 24th Aug, 2021.

LEAD MANAGERS

The promoter of the company is Westbridge Crossover Fund, Padma Anadan and M. Anadan. Post IPO launch the shareholding would be close to 72.73% from 74.87%.

The lead managers are :

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

The minimum lot size for the company is decided at 42 shares. This holding accounts to 14826 Rs.. The maximum lot size is decided at 546 shares. This amounts to Rs. 192738. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	42 shares	14826 Rs
Maximum	546 shares	192738 Rs

OBJECTIVES FOR THE IPO

The money from the IPO can also be utilized to meet general corporate purposes.
Aptus wants to expand itself and hence meet the future capital requirements.

COMPANY FINANCIALS

Particulars (in Million Rs.)	2020-21	2019-20	2018-19
ASSETS	45201	37467	23276
REVENUE	6552	5237	3371
NET PROFIT	2669	2110	1114

APTUS Value Housing Finance is having a great amount of asset exposure. The company increased its assets by 7500 Crores Rs approximately in 2021. The assets are increasing in a similar manner. Previously the jump was of almost 14500 Crore Rs. Thus the COVID has broken the company’s pace of expansion. However the ravens eared in an increasing manner irrespective of the COVID crisis. The net profit is close to 2700 Crore Rs in 2021. This is almost 500 Crore Rs more than previous year.

However the COVID has affected the business a lot. The growth in 18-19 has been robust and outstanding. That year the company had low assets and they managed to get a revenue of 3300 Crore Rs. Now if we look at the financials the profits are not in accordance to the assets the company has. On the other hand, companies have a good ratio of growth between profits earned in comparison to revenue generated. Thus a good company with a high amount of investment.

PROS

Great Financial track record for the company.
It is a dominant bank in South India.
Great credit risk management available for best quality of asset and its structure.

CONS

Covid has affected the firm’s business in 2019-20.

Aptus Value Housing Finance India Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform.
Clicking the IPO link present in the Portfolio section
Click the Aptus Value Housing Finance India Limited IPO button and press the BID button
Entering the details asked for like UPI ID, Quantity and price
Submit the application form of IPO
Visiting the application of UPI for approving the transaction

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in