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robust risk management architecture from origination to collections leading to superior asset quality.presence in large, underpenetrated markets with strong growth potential.While Aavas Financier trades at P/BV of 8.1 times, its asset under management (AUM) is more than double of Aptus’. Its peer Home First Finance trades at a trailing P/BV of 3.6 times. On a post-issue basis, the IPO is valued at 7.1 times the book value of Rs 50.10, while suggesting the issue is aggressively priced. It had the highest return on assets of 5.7 percent among the peer set during the financial year 2021. Its stronger yields and cost control measures have enabled it to achieve a superior return on assets of 6.46 percent in FY21. It had the lowest cost to income ratio among the peer set during the financial year 2021, with operating expenses to net income ratio at 21.80 percent and credit costs to average total assets at 0.14 percent. As of March 2021, its average yield on disbursements was 16.88% against 17.18% in FY20 and 17.23% in FY19. Its focus on serving self-employed customers has resulted in high yields for its loan portfolio. Profit in the year ended March 2021 stood at Rs 266.94 crore on revenue of Rs 636.6 crore, against profit of Rs 211 crore on revenue of Rs 500.3 crore in FY20, and profit of Rs 111.48 crore on revenue of Rs 310.88 crore in FY19. Loans to self-employed customers accounted for 72% of the assets under management as of March 2021, while the balance 28% accounted for salaried individuals.Īptus Value reported consistent growth in financials in last three fiscals. The firm’s asset under management has grown at a compound annual growth rate (CAGR) of 34.54% to Rs 4,068 crore during FY19-FY21. Since the inception of the company in 2010 till date, the company has pristine asset quality with very low NPAs (non performing assets). The net proceeds from the fresh issue will be utilised towards augmenting the company’s tier-1 capital requirements Anchor Investors:Īptus Value Housing Finance has raised Rs 834 crore from anchor investors – Nomura, Copthall Mauritius Investment, Steadview Capital Mauritius, Elara India Opportunities Fund,Edelweiss Mutual Fund (MF) Axis MF and DSP MF. Top Shareholdings:Īptus Value Housing Finance has a strong capital sponsorship by marquee investors like Westbridge, Malabar Investments, Sequoia Capital, Steadview Capital and Madison India. Its home loans, loans against property and business loans had an average loan-to-value of 38.89 percent, 38.27 percent and 39.21 percent, respectively, at the time of sanctioning of the loans.
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It does not provide any loans with a ticket size above Rs 25 lakh and the average ticket size of home loans, loans against property and business loans on the basis of disbursement amounts was Rs 7.2 lakh, Rs 7.1 lakh and Rs 6.2 lakh, as of March 2021, respectively. The company does not provide any loans to builders or for commercial real estate. Since the inception of the company, it has not restructured any loans or written-off any loans receivable and as of March 2021, its gross non-performing assets (NPAs) as a percentage of gross loan assets was 0.68 percent. After successfully growing its presence outside its home state, Tamil Nadu, to other major markets in southern India, Aptus Value Housing Finance is now intending to expand its branch network in large housing markets in Maharashtra, Odisha and Chhattisgarh. It is one of the largest housing finance companies in south India in terms of assets under management (AUM), as of March 2021.Īs on March 2021, the company had a network of 190 branches catering to customers across Tamil Nadu, Puducherry, Andhra Pradesh, Karnataka, and Telangana.
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Retail = Not less than 35% of the offerĪptus Value Housing Finance 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.As per market observers, Aptus Value Housing Finance IPO grey market premium (GMP) is at around Rs 25-50.Aptus Value Housing FinanceIPO Grey market Premium : Also check the list of upcoming IPOs in 2021. Some of the recently listed IPOs have given 100-300% returns in 2021. I ssue Details of Aptus Value Housing Finance Tech IPO: IPO Opens on Subscription Details: (Will be Updated).Important Dates:- IPO Schedule (Tentative).Aptus Value Housing Finance IPO Grey market Premium :.Some of the recently listed IPOs have given 100-300% returns in 2021.Issue Details of Aptus Value Housing Finance Tech IPO:.