Aptus Value Housing Finance India Ltd IPO
Aptus Value HFC Ltd IPO
Aptus Value Housing Finance India Ltd's ₹2,780 Cr IPO opens for subscription from 10th August, 2021, at price band of ₹346 to ₹353 per share.
The Issue will close on 12th August, 2021.
The Aptus Value HFC Ltd's IPO market lot size is of 42 shares. A retail-individual investor can apply for up to 13 lots (total 546 shares at ₹192,738).
Aptus Value Housing Finance India Ltd IPO
Aptus Value HFC IPO Calendar
The firm incorporated in 2009, 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. As per the CRISIL report, it is one of the largest housing finance companies in South India in terms of AUM of 37,909.31 million as of December 31, 2020.
The company offers home loans to retail customers to purchase homes, construct residential property, house improvement and extension, loans against property, and business loans. It undertakes all types of lending activities such as sourcing, underwriting, valuation, and legal assessment of collateral, the credit assessment, and collection. As of December 31, 2020, the total home loans accounted for 51.76% of AUM. As of December 31, 2020, 99.42% of the AUM was from customers belong to the low and middle-income group with a monthly income of less than ₹50,000.
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