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It has leveraged technology in various facets of its operations and has robust systems and processes to assist it with its underwriting and collections functions and to monitor asset quality. This has helped it to reduce subjectivity in forecasting the future income of potential customers, thus enabling robust credit underwriting. It updates these profiles on a frequent basis for regional and local market specific developments and macro disruptions such as the COVID-19 pandemic. Some of its profiles are customized to regions and specific types of employment.
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Over years, it has studied and developed credit assessment models specific to over 60 types of customer profiles. It conducts all aspects of its lending operations in-house including sourcing, underwriting, valuation and legal assessment of collateral and collections, which enables it to maintain direct contact with its customers, reduce turn-around-times and the risk of fraud. The company has implemented a robust risk management architecture which is reflected in its asset quality. The company has diversified its geographical presence by adopting a strategy of contiguous expansion across regions and focused on achieving deeper penetration in its existing markets. The company offers customers home loans for the purchase and self-construction of residential property, home improvement and extension loans loans against property and business loans. The company is an entirely retail focussed housing finance company primarily serving low- and middle-income self-employed customer in the rural and semi-urban markets of India.
#APTUS FINANCIAL REVIEWS PROFESSIONAL#
It has and expects to continue to benefit from strong capital sponsors hip and professional expertise of its marquee shareholders. Its marquee shareholders include WestBridge Crossover Fund, LLC, Malabar India Fund Limited (an affiliate of Malabar Investments), SCI Investments VI (an affiliate of Sequoia Capital), Madison India Opportunities IV (Madison India Capital) and Steadview Capital Mauritius Limited (an affiliate of Steadview Capital Management). The company is registered with the National Housing Bank (NHB) to carry out the business of a housing finance institution without accepting public deposits. Anandan, and it commenced its operations pursuant to a certificate for commencement of business, dated June 25, 2010, issued by the Registrar of Companies, Tamil Nadu at Chennai (then known as Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands). ICICI Securities, Citigroup Global Markets, Edelweiss Financial Services, and Kotak Mahindra Capital Company are the book running lead managers for the issue.Aptus Value Housing Finance was founded by one of its Promoter, Chairman and Managing Director, M. Aavass trades at a P/E of 67.44x while Aptus Value Housing, on the upper end of the price band, would command a P/E ratio of 63.49x. Upon listing Aptus Value Housing will join peers Aavas Financiers Limited. Aptus Value Housing has seen its net profit grow from Rs 66 crore in the financial year 2017-18 to Rs 211 crore at the end of the Financial year 2019-20.Īptus Value Housing Finance counts WestBridge as its promoter. The Gross Loan Assets have increased from Rs 1416.74 crore, as of Mato Rs 3790.93 crore as of December 31, 2020, at a CAGR of 38.83%,” Axis Securities said in a note. They are one of the largest housing finance companies in south India in terms of AUM, as of December 31, 2020. “The company had the highest RoA of 6.3% among the Peer Set during the financial year 2020. Ahead of the issue, Aptus Value Housing Finance are seeing no premium in the grey market.Īnupam Rasayan IPO gets SEBI nod co plans to raise Rs 760 via fresh issue of shares 50% of the entire issue has been reserved for Qualified Institutional Buyers (QIB) while the retail investor portion is 35% of the entire issue, leaving 15% for Non-Institutional Investors (NII). This translates to a minimum investment of Rs 14,826 per investor. Investors can bid for Aptus Value Housing Finance’s shares next week in the fixed price band in a bod lot of 42 equity shares or multiples thereafter. Aptus Value Housing Finance is an entirely retail focussed housing finance company primarily serving low and middle-income self-employed customers in the rural and semi-urban markets of India.
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Aptus’ issue will be a mix of an offer for sale (OFS) by existing shareholders, including a promoter of the company, and a fresh issue of equity shares. The price band of the issue has been fixed at Rs 346-353 per share of face value Rs 2.
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Aptus Value Housing Finance India IPO will open for subscription next week on August 10, as the company looks to raise Rs 2,780 crore from the primary market.