According to market sources, the company is likely to raise up to Rs 3,000 crore from the primary market. The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 64.59 million equity shares by its shareholders and promoters. The OFS will be floated with a face value of Rs 2 apiece.
Padma Anandan (2,500,000 equity shares), Westbridge Crossover Fund (500,000 shares), Aravali Investment Holdings (19,762,495 shares), JIH II (27,879,135 shares) and Madison India Opportunities IV (9,997,855 shares) are key stakeholders participating in the issue.
The company has reserved 50 per cent of the issue for qualified institutional buyers (QIB), up to 15 per cent for non-institutional investors and up to 35 per cent for retail bidders, according to the DRHP. The company has set aside a quota for eligible employees.
ICICI Securities, Citigroup Global Markets India, Edelweiss Financial Services and Kotak Mahindra Capital Company are appointed as book running lead managers (BRLMs) for the issue. KFin Technologies is the registrar.
The company is raising funds for augmenting its capital base. Shares of the company will be listed on stock exchanges BSE and NSE.
Aptus Value Housing Finance is one of the largest housing finance companies in the country in terms of assets under management, with the largest branch network in South India. Private equity investors Westbridge Capital, Sequoia Capital, Steadview Capital and Malabar Investment Advisors hold a stake of about 55 per cent in Aptus.
As of December 2020, Aptus had a loan book of Rs 4,000 crore.
The company offers loans in the range of Rs 5-25 lakh to self-employed individuals.
Tamil Nadu and Puducherry account for 54 per cent of the company’s total portfolio, followed by Andhra Pradesh (25 per cent), Telangana and Karnataka (10 per cent each).
The company reported a total income of Rs 523.72 crore for the financial year ended March 31, 2020, as against Rs 337.11 crow for the previous year. It clocked a profit of Rs 210.01 crore in FY20 as against Rs 111.55 crore in the previous year.
For the nine-month period to December 31, 2020, the company’s total income came in at Rs 473.39 crore and profit at Rs 191.35 crore.
