G) The company focusses on the social impact of its business and seeks to improve the standard of living of customers.Ī) The company continues to focus on low and middle income self-employed customers in rural and semi-urban markets.ī) It intends to increase penetration in existing markets and expand branch network in large housing markets.Ĭ) It intends to grow business while focussing on maintaining asset quality. It had the largest branch network in south India among the peer set.Ī) It has presence in large, underpenetrated markets with strong growth potential.ī) It has robust risk management architecture from origination to collections leading to superior asset quality.Ĭ) The company 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 customers, reduce turn-around-times and the risk of fraudĭ) It has built domain expertise over the time resulting in a business model that is difficult to replicate by others in geographies.Į) It has an experienced and stable management team with marquee shareholders.į) It has established track record of financial performance with industry leading profitability. 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.Īs of March 2021, it had a network of 190 branches covering 75 districts in Tamil Nadu, Andhra Pradesh, Karnataka and Telangana states, and the union territory of Puducherry. 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. Loans to self-employed customers accounted for Rs 2,930.88 crore, or 72.05 percent of AUM, while loans to salaried customer accounted for Rs 1,136.88 crore, or 27.95 percent of AUM as of March 2021. It targets first time home buyers where the collateral is a self-occupied residential property. 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. Its AUM increased at a CAGR of 34.54 percent during FY19-FY21 to Rs 4,067.76 crore in March 2021. It is one of the largest housing finance companies in south India in terms of assets under management (AUM), as of March 2021. Half of the offer size is reserved for qualified institutional buyers (QIBs), 15 percent for non-institutional bidders, and the remaining 35 percent of the offer for retail investors.Īptus 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. Retail investors are allowed to invest up to Rs 2 lakh in the IPO. As a result, the minimum investment by retail investors would be Rs 14,826 and the maximum would be Rs 1,92,738 for 13 lots. Investors can bid for minimum of 42 equity shares and in multiples of 42 equity shares thereafter. Net proceeds from the offer will be utilised towards augmenting the company's tier 1 capital requirements.ĥ) Lot Size and Investors' Reserved Portion The offer consists of fresh issue of Rs 500 crore, and an offer for sale of 6,45,90,695 equity shares by existing shareholders Padma Anandan, JIH II, LLC, Aravali Investment Holdings, Madison India Opportunities IV, GHIOF Mauritius, KM Mohandass HUF, Saurabh Vijay Bhat and R Umasuthan. The price band for the offer has been fixed at Rs 346-Rs 353 per equity share. The bidding for initial public offering will start on August 10 and will continue till August 12. Here are 10 key things to know before subscribing to it: This would be 38th IPO to be launched in the calendar year 2021. Retail focused housing finance company, Aptus Value Housing Finance India is going to open its maiden public offer for subscription soon.
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