Aptus Value’s business model centers on targeting self-employed customers in the low-income group
Growth momentum picks up, primarily driven by rising volume from increased penetration coupled with favourable demographic profile
Pre-IPO shares will be released from their Sebi-mandated lock-in, said CNBC TV18’s Prashant Nair in Editors’ Roundtable
Founder of Aptus Value Housing says that the sector is financially well-supported by the government, but the Budget could address regulatory hurdles
Despite the high growth, Aptus has been able to deliver superior profitability
IPO frenzy: For investors interested in only one or two IPOs, experts suggest subscribing to CarTrade Tech and Chemplast Sanmar.
The fundraise comprises a fresh issue of equity shares aggregating to 500 crore and an offer for sale of up to 64,590,695 equity shares by promoter and other selling shareholders.
Aptus Value Housing Finance has a strong capital sponsorship by marquee investors like Westbridge, Malabar Investments, Sequoia Capital, Steadview Capital and Madison India.
ICICI Securities, Citigroup, Edelweiss Securities and Kotak will be the book-running lead managers and the offer is expected launch in the second half of FY 21-22.