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Aptus Value Housing Finance IPO Subscribed 0.24 Times On Day 1
Get the latest subscription updates from day 1 of Aptus Value Housing Finance IPO.
10 Aug 2021, 05:57 PM IST 
A stack of Indian one-hundred rupee banknotes are arranged for a photograph at a bank in India. (Photographer: Dhiraj Singh/Bloomberg)
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.
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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