INSUBCONTINENT EXCLUSIVE:
Aptus Value Housing Finance seeks to utilise IPO funds to augment its capital baseAptus Value Housing Finance's initial public offer (IPO)
was subscribed 24 per cent on the first day of its issue, according to subscription data on the stock exchanges
subscribers for a period of three days
assessment of collateral, the credit assessment, and collection
Aptus Value Housing Finance seeks to utilise the funds of the IPO to augment the company's capital base and achieve share listing benefits
on the stock exchanges.''At the higher end of the price band of Rs 353, Aptus Value Housing IPO is priced at a PE ratio of ~65.4 times FY21
EPS on a post-issue basis (fully diluted)
This is in-line with larger listed peer Aavas Financiers (68.07), but higher than Home First Finance (50.86 times)
strong growth in topline, good return ratios, healthy margins, lower cost ratios and leverage as compared to peers and robust growth
