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Aptus Value Housing Finance files for IPO
By IANS |
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SEBI.. Image Source: IANS News
New Delhi, May 16 : Aptus Value Housing Finance has filed a draft red herring prospectus with the SEBI to raise around Rs 2,600-3,000 crore.
The fund raise comprises of a fresh issue of equity shares aggregating to 500 cr and an offer for sale of up to 64,590,695 equity shares by the promoter and other shareholders.
As of December 31, 2020, the company s assets under management (AUM) stood at Rs 3,790.93 crore, of which 72.50 per cent were loans to self-employed customers while the balance 27.50 per cent accounted for salaried individuals.
On the same date, the company had 1,844 personnel, a network of 181 branches catering to 56,430 active loan accounts across Tamil Nadu, Puducherry, Andhra Pradesh, Karnataka, and Telangana and a strong capital sponsorship by marquee investors including Westbridge, Malabar Investments, Sequoia Capital, Steadview Capital and Madison India.
Last time when we met, there was gloom, doom, distress. Now there is excitement, a touch of euphoria and a lot of participation. Good days are back, but are they here to stay?
We last spoke eight months ago. Things were looking quite negative in terms of outlook. But as it so happens, it happens to be one of the best times to invest and that is what we spoke about back then. Obviously since then, things have evolved quite a bit. Markets have moved up because a lot more optimism has come in. But at the same time, the fundamentals are looking a lot better than what it looked like back then. So, the economy has come back. It has rebounded very strongly. Things are looking positive going forward.