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Aptus Value Housing files draft papers for IPO
May 16, 2021
Housing finance company plans to raise about ₹2,600-3,000 crore
Chennai-headquartered Aptus Value Housing Finance India Ltd (AVHFIL) has filed draft papers with the market regulator for an Initial Public Offering (IPO), with the company intending to use the proceeds to increase its capital base.
The housing finance company, which has the largest branch network in South India, intends to raise about ₹2,600-3,000 crore through the offering, sources close to the development said.
The IPO would comprise a fresh issuance of shares totalling ₹500 crore and an offer-for-sale of up to 6.5 crore shares by promoter and shareholders. ICICI Securities Ltd, Citigroup Global Markets India Pvt Ltd, Edelweiss Financial Services Ltd and Kotak Mahindra Capital Company Ltd are the book running lead managers to the issue, according to the Draft Red Herring Prospectus (DRHP) filed with SEBI.
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.
Retail focused HFC, Aptus Value Housing files for Rs. 3000 Cr IPO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Pizza Hut operator Devyani International files for $191m IPO
Photo by Brenna Huff on Unsplash
May 16, 2021
Food and beverages major Devyani International Ltd (DIL), the largest franchisee of Pizza Hut, KFC, and Costa Coffee filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to raise nearly ₹1,400 crore through an initial public offering (IPO).
According to DRHP, the offer comprises a fresh issue of ₹400 crore and an offer of sale of up to 125.33 million equity shares by Dunearn Investments (Mauritus) Pte. Ltd, a wholly owned subsidiary of Temasek Holdings and RJ Corp Ltd.
The company is led by Ravi Kant Jaipuria, Promoter, RJ Corp and Virag Joshi, President & CEO, who been a key strategist to the expansion efforts by the company in addition to the management team comprising of Manish Dawar, Wholetime Director and Chief Financial Officer, Rajat Luthra, CEO – KFC and Amitabh Negi, CEO – Pizza Hut.