such high rating and do poor listing
Aptus Value Housing IPO
(i) It is an entirely retail focussed housing finance company primarily serving low and middle-income self-employed customers in the rural and semi-urban markets of India. It is one of the largest housing finance companies in south India in terms of AUM, Its AUM has increased from ₹14,167 million in 2018 to ₹37,909 million in 2020.
(ii) It offers customers home loans for the purchase and self-construction of residential property, home improvement, and extension loans; loans against the property; and business loans. It only offers loans to retail customers and does not provide any loans to builders or for commercial real estate. It conducts all aspects of lending operations in-house including sourcing, underwriting, valuation, and legal assessment of collateral and collections, which enables it to maintain direct contact with the customers, reduce turn-around times, and the risk of fraud. Over years, it has studied and developed credit assessment models specific to over 60 types of customer profiles.
(iii) It has diversified the geographical presence by adopting a strategy of contiguous expansion across regions and are focused on achieving deeper penetration in the existing markets. In 2020, we had a network of 181 branches covering 75 districts in Tamil Nadu, Andhra Pradesh, Karnataka, and Telangana, and the union territory of Puducherry. It has successfully grown its presence outside its home state of Tamil Nadu. It had increased the number of branches from 109 in 2018 to 181 in 2020
(iv) Its financing requirements historically have been met from several sources, including refinancing from the NHB, financing from IFC, term loans, working capital loans, and issuance of (“NCDs”) to meet its capital requirements. It also monetizes loans through securitization to banks and financial institutions, which enables it to optimize the cost of borrowings, liquidity, and capital.
– Presence in large, underpenetrated markets with strong growth potential
– In-house operations leading to desired business outcomes
– Established track record of financial performance with industry-leading profitability
– Focus on the social impact of our business
Objects of the Aptus Value Housing IPO:
Aptus Value Housing IPO Details:
|Open Date:||Aug 10 2021|
|Close Date:||Aug 12 2021|
|Face Value:||₹ 2 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||2780 Cr.|
|Lot Size:||42 Shares|
|Issue Price:||₹ 346 - 353 Per Equity Share|
|Listing Date:||Aug 24 2021|
Promoters And Management:
Financials of Aptus Value Housing IPO:
|Revenue from Operations||121||207||309||467||56.82%|
|Employee Benefits Exp||22||36||48||64|
|Provision for Advances||1.85||2.13||1.35||2.84|
|Depreciation & Amortisation Exp||1.8||2.37||2.92||5.80|
|Profit Before Tax||56||106||152||247||63.88%|
|Profit After Tax||37||70||111||211||78.35%|
|Net Interest Margin||9.08%|
|Net NPAs to Net Advances||0.61%|
Comparison With Peers:
Recommendation on Aptus Value Housing IPO:
Lead Manager of Aptus Value Housing IPO:
Registrar of Aptus Value Housing IPO:
Discussion on Aptus Value Housing IPO:
what we do on listing?
Listing might be in negative….But keep this stock in the portfolio…. It is a gem stock in Housing finance with lowest NPA even in Covid…. And, the growth is excellent in the AUM and management is excellent…
Apply ya avoid?
Apply or Avoid
What is your opinion
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