Aptus Value Housing Finance IPO Opens On August 10, 2021

Aptus Value Housing Finance will come out with its IPO on August 10, 2021. It will have a price band of Rs 346-353 per equity share.

Aptus Value Housing Finance will come out with its initial public offer (IPO) on August 10, 2021. It will have a price band of Rs 346-353 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 crore and 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 be Rs 2,780.05 crore, while the proceeds from the IPO will be used for fulfilling the company's tier-I capital requirements.