Aptus Value Housing Finance IPO Subscribed 0.37 Times On Day 2
Investor interest in Aptus Value Housing Finance India Ltd.'s initial public offering remained muted even on the second day of subscription.
The IPO by the South India-focused home financier was subscribed 0.37 times on its second day. The company 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 2
The IPO was subscribed 0.37 times as of 5 p.m. on Aug. 11.
Institutional investors: 0.33 times
Non-institutional investors: 0.06 times
Retail investors: 0.54 times