Aptus Value Housing Finance IPO GMP, Price, Dates, Review

Aptus Value Housing Finance Limited is here with its Initial Public Offering. The Aptus Value Housing Finance IPO will raise nearly Rs 3 crores from its public issue. This company is into home loans, home insurance, and LAP (loans against property). It is one of the largest housing finance companies in South India with 181 branches. Its peers include many private housing loan companies in India. It will be interesting to see how it works outside South India with the IPO gains.

Aptus Value Housing Finance was started in 2009. It is into home loans, loans against property (LAP), and home insurance. It caters to the self employed and low & middle income families from semi urban and rural areas for home loan needs.

This housing loan company operates in 4 states namely Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. Moreover, it has 181 branches and 1844 employees. Thus, makes it the biggest housing loan company in South India.

Check out the Aptus Value Housing Finance IPO Dates.

The Aptus Value IPO Share Price is fixed at Rs 346-353 per equity share. The Aptus IPO face value is Rs 2 per equity share.

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The Aptus IPO Lot Size is 42 shares amounting to Rs 14,826. You can apply for a maximum of 13 lots i.e. 546 shares totalling to Rs 1,92,738.

The Aptus IPO GMP aka Grey Market Premium is Rs 20 as of 9th August 2021, 13:10. It is traded less as of now in the grey market.

The company’s assets value increased from Rs 2327 crores in FY18-19 to Rs 4520 crores in FY20-21. Similarly, revenue boosted to 655 crores from 337 crores. Also, profit (after tax) saw a rise from 111 crores to 266 crores. Thus, it comes with a strong financial background.

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Pros

1. A+ Stable Credit Rating
2. Rs 37875 Million Loan Book
3. Huge Branch Network in Tier II and Tier III cities
4. Provides Long Loan Tenures (10 yrs for Business loans & 15 yrs for Home loans)
5. One of the largest housing finance companies (37909.31 Million AUM on Dec’20) in South India (as per CRISIL report)

Cons

1. Needs more establishment in other parts of India
2. No international clients
3. Works in very competitive space

We will get to know whether to apply to Aptus Value Housing Finance IPO or not once the grey market opens and anchor investors pop-in.