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