Aptus Value Housing Finance will come out with its IPO on August 10, 2021.Aptus Value Housing Finance will come out with its initial public offer (IPO) on August 10, 2021.
It will have a price band of Rs346-353 per equity share.Aptus Value Housing Finance is a retail housing finance company which offers home loans for purchasing residential properties and also gives loan against property.The IPO will close on August 12 and consists of a fresh issue of Rs 500 croreand an offer for sale of up to 6,45,90,695 equity shares by existing selling shareholders including promoter Padma Anandan, and investors Aravali Investment Holdings, JIH II LLC, GHIOF Mauritius, and Madison India Opportunities IV.The total fund raising through the process will beRs 2,780.05 crore, while the proceeds from the IPO will be used for fulfilling the company's tier-I capital requirements.Investors have the option of bidding for a minimum of42 equity shares and in multiples of42 equity shares thereafter.
Retail investors can invest a minimum of Rs14,826 per lot and the maximum investment would be Rs1,92,738 for13 lots.Aptus Value has reserved up to50 per cent of total offer for qualified institutional buyers,35 per cent for retail investors, and15 percent for non-institutional investors.