Aptus Value Housing Finance India Limited ("Company"), one of the largest housing finance companies in South India in terms of asset under management and having the largest branch network in South India among the peer set, as of March 31, 2021 (Source: CRISIL Report), has received bids of 2,06,36,700 shares against the offered 5,51,28,500 equity shares, as per the 5:00 pm data available on the bourses.
The portion reserved for retail investors was subscribed 0.54 times. While the Qualified Institutional Buyer category was subscribed 0.33 times, the Non-Institutional Investor category was subscribed 0.06 times.
The Offer comprises of a fresh issuance of Equity Shares, aggregating up to Rs.5000 million and an offer for sale of Equity Shares aggregating up to 64,590,695 Equity Shares by the Selling Shareholders. The Net Proceeds from the Offer will be utilized towards augmenting the Company's tier 1 capital requirements. The price band for the Offer is at Rs. 346 - Rs. 353 per Equity Share of face value Rs.2 each. The Bid/Offer period will close on Thursday, August 12, 2021.
The Company raised Rs. 834 crore through the Anchor Book. 12 Foreign Portfolio Investors such as Capital Research, Genesis, Neuberger Berman, Nomura, Universities Superannuation Scheme (USS), Steadview, Ward Ferry, and Aberdeen and 9 domestic investors such as Axis Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, IIFL Group and Premji were the participants.
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Kotak Mahindra Capital Company Limited are the BRLMs to the Offer.
Aptus Value Housing Finance Limited is one of the largest housing finance companies in south India in terms of AUM. The company offers home loans for purchase and self-construction of residential property, home improvement, extension loans, and small business loans, primarily to first time home buyers belonging to the low and middle income groups. As of 31st March 2021, the company has a network of 190 branches catering to 58,069 active live accounts in Tamil Nadu (including the Union Territory of Puducherry), Andhra Pradesh, Karnataka, and Telangana.