IPO - Initial Public Offers - Aptus Value Housing Finance IPO in IPO's & MF's - Aptus Value Housing Finance, headquartered in Chennai is an organization that provides home loans. Aptus was established to serve the ...
Aptus Value Housing Finance, headquartered in Chennai is an organization that provides home loans. Aptus was established to serve the housing finance demands of self-employed people from lower- and medium income communities, mainly in semi-urban and remote regions. As per the CRISIL report, it is one of the largest housing finance companies in South India in terms of AUM of 37,909.31 million as of December 31, 2020.It offers home loans for the purchase and self-construction of residential property, home improvement and extension loans, loans against the property, and business loans. It is one of the largest housing finance companies in south India in terms of AUM, as of March 31, 2021, the company had an AUM of o ₹4067.76 crores. Aptus Value Housing Finance’s public offering comprises a fresh issue of equity shares aggregating up to Rs, 500 crores and an offer for sale of 6.46 crore equity shares from selling shareholders.
Objects of the Issue:
• To augment company's capital base to meet future capital requirements.
• To meet issue related expenditures.
• To achieve share listing benefits on the stock exchanges.
Company Financials:
Aptus Value Housing Finance IPO Details
Aptus Value Housing Finance IPO Tentative Timetable
The Aptus Value Housing Finance IPO open date is Aug 10, 2021, and the close date is Aug 12, 2021. The issue may list on Aug 24, 2021.
Aptus Value Housing Finance IPO Lot Size
The Aptus Value Housing Finance IPO market lot size is 42 shares. A retail-individual investor can apply for up to 13 lots (546 shares or ₹192,738 at cut off).
1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.
2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.
Refer to this video to apply for IPO using UPI at Zerodha.
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