Aptus Value Housing Finance IPO Subscribed 0.24 Times On Day 1

Aptus Value Housing Finance India Ltd. launched its initial public offering on Tuesday as the South India-focused home financier is looking to raise up to Rs 2,780 crore from the primary market.

The IPO includes a fresh issue worth up to Rs 500 crore and an offer-for-sale of 6.46 crore shares, according to its IPO prospectus. The company intends to use the proceeds to strengthen its capital base.

Subscription Details: Day 1

The IPO was subscribed 0.24 times as of 5 p.m. on Aug. 10.

• Institutional investors: 0.25 times

• Non-institutional investors: 0.01 times

• Retail investors: 0.33 times

Research Reports On Aptus Value Housing Finance IPO:

• Superior Asset Quality, Strong Financials: KRChoksey

• Investment Rationale, Key Risks, Concerns: ICICI Direct

• South India Based Rural Focused Housing Finance Company: Geojit

Watch BloombergQuint's IPO Adda with Aptus Value Housing Finance: