Aptus Value Housing Finance IPO Subscribed 0.37 Times On Day 2
A customer holds a bundle of Indian rupee banknotes while filling in a deposit form at a branch in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

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.

Also read: Aptus Value Housing Finance: All You Need To Know

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

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