The initial public offering (IPO) of Aptus Value Housing Finance India was subscribed 24 percent on August 10, the first day of bidding. The issue received bids for 1.31 crore shares against an offer size of 5.51 crore shares, as per the data available on exchanges.
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Aptus Value Housing Finance has already raised Rs 834 crore from anchor investors ahead of its initial share sale. The company has decided to allocate 2,36,26,500 equity shares at Rs 353 apiece aggregating the transaction size to Rs 834 crore, according to a circular uploaded on the BSE website.
Aptus Value Housing Finance India plans to raise Rs 2,780 crore through the public issue.
The issue, which will close on August 12, consists of a fresh issue of shares worth Rs 500 crore and an offer for the sale of shares worth Rs 2,234-2,280 crore by promoters.
Aptus is a retail-focused housing finance company with customers spread throughout the low- and middle-income self-employed rural and semi-urban areas. It is one of the largest housing finance companies in South India in terms of AUM, as of FY21.
(Edited by : Anshul)
First Published: Aug 10, 2021 2:04 PM IST
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